3. Divide the actual amount of money you will receive in a year by 12 in order to calculate the amount you'll receive each month. Round to the nearest dollar.

Question

Example: If you receive $35,000 each year, you receive \$ 35000/12 =\$ 2 ,917 each month.

My salary is 277,000

Answer 1

$277,000 / 12 = $23,083

Therefore, you will receive $23,083 each month.