1. **State the problem:** We need to find the cost per issue of a monthly magazine subscription that costs 15.96 for one year. 2. **Identify the formula:** Since the subscription is monthly, there are 12 issues in one year. The cost per issue is given by dividing the total cost by the number of issues: $$\text{Cost per issue} = \frac{\text{Total cost}}{\text{Number of issues}}$$ 3. **Apply the values:** $$\text{Cost per issue} = \frac{15.96}{12}$$ 4. **Simplify the fraction:** $$\frac{15.96}{12} = \frac{\cancel{12} \times 1.33}{\cancel{12}} = 1.33$$ 5. **Interpretation:** Each issue costs 1.33. **Final answer:** The cost for each issue is $1.33.