@GrumpyWolf
Here’s a different way to look at it as an hourly pay rate…
Standard calculations use 4.33 for # of weeks per month as there are 52 weeks per year, not 48. If you are looking for an hourly rate, you would then divide by 40 hours/ week,
1) $1180 / 4.33 = $272.52 per week
2) $272.50/ 40 = $6.81/ hour