What is annual income monthly or yearly?

The word annual means "happening once per year," or "covering the period of a single year," so an annual income is the amount of money received over the course of a year.

If you divide the annual income by 12, assuming a steady rate of pay, you will get the monthly income.

So if the annual income were $60,000 it means that $60,000 would come in over the course of one year, and dividing that by 12 we find that each month $5,000 would be received.

If it's time to talk to your boss about your annual income, check out Forbes' 5 Salary Negotiation Tips that Work!, and Salary.com's 10 Tips to Get More From Your Performance Review.

The Financial Times, reporting on the Healthcare act, says that there are exceptions to the penalty for not having insurance depending on one’s annual income.

Updated on Monday, November 24 2014 at 01:40PM EST
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