question 23 (4 points)\nyou earn an annual salary of $194,970.54. calculate the amount of your gross pay if…

question 23 (4 points)\nyou earn an annual salary of $194,970.54. calculate the amount of your gross pay if you are paid weekly.\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer

question 23 (4 points)\nyou earn an annual salary of $194,970.54. calculate the amount of your gross pay if you are paid weekly.\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer

Answer

Explanation:

Step1: Recall number of weeks in a year

There are 52 weeks in a year.

Step2: Calculate weekly pay

Divide annual salary by 52. So, $\frac{194970.54}{52}=3749.433462$.

Step3: Round to nearest cent

Rounding $3749.433462$ to the nearest cent gives $3749.43$.

Answer:

$3749.43$