In this video we discuss how to convert yearly income to monthly income. We go through the formula and show a couple examples of the conversion for different income levels

Transcript/notes
The formula to convert yearly salary to monthly pay is monthly pay equals yearly salary divided by 12. We divide by 12 because there are 12 months in a year.

For instance, if someone has a yearly salary of $38,000, the formula would be monthly pay equals $38,000 divided by 12, which equals $3166.67 rounded off.

Here are a couple more examples on the screen for you.

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