Question

To find average monthly income, multiply the net pay by the number of pay periods per year. Then divide this yearly income by 12 months.
true
false

Answer 1

True. To find average monthly income, multiply the net pay by the number of pay periods per year. Then, divide this yearly income by 12 months.

For example:
Daily wages:  
Daily wages * 365 days = Total Wage
Total wage / 12 months = average monthly income

Weekly wages:
Weekly wages * 52 weeks = total wage
total wage / 12 months = average monthly income