Answer:
$7,375
Step-by-step explanation:
Total annual salary = $76,000 + $12,500 = $88,500
average monthly salary based on total annual salary
= $88,500 ÷ 12 months
= $7,375
The average monthly salary is $7375
Firstly, we need to calculate the yearly income of Justin. His yearly income will be: = $76000 + $12500 = $88500
Note that 12 months = 1 year.
Then the average monthly salary will be:
= Annual income / Number of months
= $88500 / 12
= $7375
The average monthly salary is $7375
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