You have accepted a job offer at an annual salary of $37,720. This salary includes a year-end bonus of $2200. You are paid twice per month. What will your gross pay be for each paycheck?
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To determine your gross pay for each paycheck, we need to first remove the year-end bonus from your total annual salary and then divide the remaining salary by the number of pay periods in a year.

Here’s the step-by-step calculation:

1. **Annual Salary (including bonus):** $37,720
2. **Year-end Bonus:** $2,200
3. **Annual Salary (excluding bonus):** 
   \[
   37,720 - 2,200 = 35,520
   \]

4. **Number of Pay Periods in a Year:** 
   Since you are paid twice per month, there are $2 \times 12 = 24$ pay periods.

5. **Gross Pay per Paycheck:**
   \[
   \frac{35,520}{24} = 1,480
   \]

Your gross pay for each paycheck will be **$1,480**.

Would you like more details or have any questions?

Here are 5 related questions to explore further:
1. How would your gross pay change if the year-end bonus were increased to $3,000?
2. What would be your gross pay per paycheck if you were paid bi-weekly instead of twice per month?
3. How much is deducted for taxes if your net pay per paycheck is $1,200?
4. What would your gross annual salary be without any bonuses?
5. How does the frequency of pay (weekly, bi-weekly, semi-monthly) affect budgeting?

**Tip:** Understanding the difference between gross and net pay is crucial for financial planning, as it helps you anticipate actual take-home income.

Learn how to calculate your gross pay per paycheck from an annual salary including a year-end bonus of $2,200. This problem involves basic arithmetic and salary calculation concepts. Suitable for adults looking to understand their paycheck calculations.

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