Nancy who graduated from State University in June 2013 has
Nancy, who graduated from State University in June 2013, has just landed her first real job. She is excited because her salary is $4,000 per month. Nancy is single and has been planning all month about how she will spend her $4,000. When she received her first paycheck on June 30, 2013, she was very disappointed. The amount of her check was only $3,100. Explain to Nancy why (generally) her check was not for $4,000.

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