Question

Tyrone’s hourly wage is $18 and his net pay is 72% of his earnings. tyrone spends about $1,800 on his monthly expenses. if tyrone works 40 hours per week and has no other sources of income, what is his total monthly cash inflow? (hint: assume that there are 4 pay periods per month.) a. $273.60 b. $1,080.00 c. $1,800.00 d. $2,073.60 please select the best answer from the choices provided a b c d

Answer 1

Net pay = $18 * 72% = $12.96 per hour

Hours worked = 40 hours * 4weeks = 160 hours

So, the net pay for 160 hours is:

Net pay = Pay per hour × Hours worked

=$12.96 × 160 =$2,073.6

Monthly cash inflow = Net pay − Expenses

= $ 2073.6 − $ 1,800 = $273.6

So the monthly cash inflow is $273.6

What's the purpose of a monthly cash flow report?

The monthly cash flow report's main objective is to give a general picture of the month's financial operations. Monthly cash flow statements are used by businesses to keep a careful eye on cash inflows and outflows.

What is net pay?

Net pay is the term used to describe the take-home pay that employees get after all payroll deductions have been made from their gross pay.

Learn more about cash flow: brainly.com/question/10714011

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