Question

He gets paid an annual salary of $78,000. He gets paid monthly. Answer the following:

Answer 1

a) Miguel's monthly income prior to deductions is$6,500

b) Miguel puts $195 per month into retirement

c) Miguel puts $2,340 per year into his retirement

Explanation:

a) $78,000/12=$6,500

b) $6500/0.03=$195.. it says he gets paid once a month

c) $195x12=$2340