Larissa was just hired for a job with an annual salary of $45,000. She will get paid $3750 once a month. However, she will need to pay $431.25 in state and federal taxes and $121.89 for health and dental insurance. How much is her gross monthly pay?

Question

Group of answer choices

$3,318.75

$3,196.86

$3,750.00

$45,000.00

Answer 1

Larissa's gross monthly pay is determined by the annual salary divided by the number of months in a year.

Given that her annual salary is $45,000, we can calculate her gross monthly pay as follows:

\[ \text{Gross monthly pay} = \frac{\text{Annual salary}}{12} \]

\[ \text{Gross monthly pay} = \frac{45,000}{12} = 3,750 \]

Therefore, the correct answer is:

$3,750.00