Chip has an annual salary of $41,000, and his company pays him twice a month. What is the gross income on each paycheck that Chip receives?
Chip receives two paychecks per month. There are 12 months in a year, so he receives \(2 \times 12 = 24\) paychecks. To find out how much he receives per paycheck, divide the total salary by the total number of paychecks received.
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