Math

QuestionAn executive earns a yearly total of 83600 dollars, including a 7400 dollar bonus. Find her monthly salary SS.

Studdy Solution

STEP 1

Assumptions1. The executive earns a monthly salary and a one-time Christmas bonus of 7400peryear..Thetotalannualincomeoftheexecutiveis7400 per year. . The total annual income of the executive is 83600.
3. The monthly salary is the same every month.

STEP 2

First, we need to find the total amount of the monthly salary for the whole year. We can do this by subtracting the Christmas bonus from the total annual income.
TotalMonthlySalaryfortheyear=TotalannualincomeChristmasbonusTotal\, Monthly\, Salary\, for\, the\, year = Total\, annual\, income - Christmas\, bonus

STEP 3

Now, plug in the given values for the total annual income and the Christmas bonus to calculate the total monthly salary for the year.
TotalMonthlySalaryfortheyear=$83600$7400Total\, Monthly\, Salary\, for\, the\, year = \$83600 - \$7400

STEP 4

Calculate the total monthly salary for the year.
TotalMonthlySalaryfortheyear=$83600$7400=$76200Total\, Monthly\, Salary\, for\, the\, year = \$83600 - \$7400 = \$76200

STEP 5

Now that we have the total monthly salary for the year, we can divide this by the number of months in a year (12) to find the monthly salary.
MonthlySalary=TotalMonthlySalaryfortheyear/NumberofmonthsMonthly\, Salary = Total\, Monthly\, Salary\, for\, the\, year / Number\, of\, months

STEP 6

Plug in the values for the total monthly salary for the year and the number of months to calculate the monthly salary.
MonthlySalary=$76200/12Monthly\, Salary = \$76200 /12

STEP 7

Calculate the monthly salary.
MonthlySalary=$76200/12=$6350Monthly\, Salary = \$76200 /12 = \$6350The executive's monthly salary is $6350.

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