What is your monthly take-home pay if your take-home pay is $984.04 every other Friday? Round the final answer to the nearest cent. Assume there are 365 days in a year.

To find the monthly take-home pay when you are paid $984.04 every other Friday, we need to first determine how many pay periods there are in a year and then calculate the monthly amount.

### Step 1: Determine the Number of Pay Periods in a Year

Since the person is paid every other Friday:

- There are 52 weeks in a year.
- Therefore, there are $ \frac{52}{2} = 26 $ pay periods in a year (since payment is every other week).

### Step 2: Calculate the Annual Take-Home Pay

- Each pay period, the take-home pay is $984.04.
- So, the annual take-home pay is calculated as:

\[
\text{Annual Pay} = 984.04 \times 26
\]

\[
\text{Annual Pay} = 25,585.04
\]

### Step 3: Calculate the Monthly Take-Home Pay

- There are 12 months in a year, so the monthly take-home pay is:

\[
\text{Monthly Pay} = \frac{25,585.04}{12}
\]

\[
\text{Monthly Pay} \approx 2,132.09
\]

Thus, the monthly take-home pay is approximately **$2,132.09**.

### Conclusion

If your take-home pay is $984.04 every other Friday, your approximate monthly take-home pay is **$2,132.09**, rounded to the nearest cent.

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Would you like more details or have any questions? Here are some related questions:

1. What would the annual salary be if you were paid bi-weekly instead of every other Friday?
2. How would the monthly take-home pay change if you received a raise to $1,000 every other Friday?
3. How do you calculate take-home pay from a given gross salary?
4. What is the impact of varying tax rates on take-home pay calculations?
5. How can you estimate monthly expenses based on monthly take-home pay?

**Tip:** When working with pay periods, always ensure you account for the correct number of periods per year to avoid discrepancies in annual and monthly calculations.

Learn how to calculate your monthly take-home pay if you receive $984.04 every other Friday. This problem involves arithmetic calculations for income based on bi-weekly payments, suitable for understanding pay period calculations.

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