1. **State the problem:** We need to find the monthly take-home pay if the take-home pay is 984.04 every other Friday.
2. **Understand the problem:** Getting paid every other Friday means you get paid once every 2 weeks.
3. **Formula:** To find monthly pay from biweekly pay, use the formula:
$$\text{Monthly Pay} = \text{Biweekly Pay} \times \frac{52}{12}$$
because there are 52 weeks in a year and 12 months.
4. **Calculate:**
$$\text{Monthly Pay} = 984.04 \times \frac{52}{12}$$
5. **Simplify the fraction:**
$$\frac{52}{12} = \frac{\cancel{52}}{\cancel{12}} = \frac{13}{3}$$
6. **Multiply:**
$$984.04 \times \frac{13}{3} = \frac{984.04 \times 13}{3} = \frac{12,792.52}{3}$$
7. **Divide:**
$$\frac{12,792.52}{3} = 4,264.1733...$$
8. **Round to nearest cent:**
$$4,264.17$$
**Final answer:** Your monthly take-home pay is $4,264.17.
Monthly Pay 2B71Ec
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