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25 August, 04:52

To find average monthly income, multiply the net pay by the number of pay periods per year. Then divide this yearly income by 12 months.

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  1. 25 August, 06:07
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    True. To find average monthly income, multiply the net pay by the number of pay periods per year. Then, divide this yearly income by 12 months.

    For example:

    Daily wages:

    Daily wages * 365 days = Total Wage

    Total wage / 12 months = average monthly income

    Weekly wages:

    Weekly wages * 52 weeks = total wage

    total wage / 12 months = average monthly income
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