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Arada [10]
3 years ago
10

If you earned $10-an-hour in 2005 when the cpi was 100, and you earn $11-an-hour today when the cpi is 120, then your real wage

rate has _____ since 2005.
Business
1 answer:
Eva8 [605]3 years ago
4 0
The consumer price index, or cpi, has the following formula:

CPI =  \frac{Current \ Period \ Price}{Base \ Period \ Price} \ x \ 100

Let's compute the real base period price for the cpi today.

120 = \frac{11}{Base \ Period \ Price} \ x \ 100

Base Period Price = $9.2

Then, we compare the apparent with the real:

Real Base Period:  $11 - $9.2 = $1.8
Apparent Base Period: $11 - $10 = $1

Real > Apparent, thus your real wage rate has increased since 2005.
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Which two of the following tips are important to remember when writing a resume?
jonny [76]
<h2>The two of the following tips that are important to remember when writing a resume are: A) be clear and concise in the descriptions you use</h2><h2>D) use bullet points to organize your thoughts </h2>

Explanation:

Our resume should be clear and concise. If the resume is longer than one page, the employer may not go through it. One page resume shows that you are concise, clear, and to the point.

There should be absolutely no typos as spell check doesn’t fix everything!.

Personal information should not be added in the resume like relationship status, age, siblings.

We can list all the jobs that a person had in the past to show our experiments in different fields but it should be something related to the new job.

It is necessary to use bullet points to organize all our thoughts properly.

7 0
3 years ago
As Lily files her taxes, she learns that her federal total tax due ends up being $206. According to her Federal income tax withh
adoni [48]

The tax refund that Lily can expect to get back from the tax authorities will be $15.80.

<h3>What is a tax?</h3>

A tax simply means the compulsory levy that's paid by the people and companies to the government.

In this case, the tax refund that Lily can expect back will be:

= 7.65% × $206

= $15.80

In conclusion, the correct option is $15.80.

Learn more about tax on:

brainly.com/question/25783927

8 0
2 years ago
Tim babysits for three hours on the weekend. His current babysitting job pays him $7 an hour. He has a new babysitting job offer
weqwewe [10]
Before going to the cost and benefits, lets take a look first at the total of what Tim makes for the two jobs. In the first job, he is paid $7 per hour for 3 hours so that is $21 total for the first job. The second job offer is $10 per hour for two hours so that is $20 for the entire second job offer. If he is going to take the first job, he will have $1 more than the second job, however, he has to work an extra hour. However, if he takes the second job, he receives $1 less but has one hour more for himself. So if he were to take the second job, it will be more beneficial to him because he can get almost the same amount but doesn't need to work as hard
5 0
3 years ago
Read 2 more answers
Which is NOT a major expense category?
bija089 [108]

Answer:

D

Explanation:

Food. Because you can get a Burger for a dollar..

8 0
4 years ago
Read 2 more answers
Michael receives a monthly salary of $2500 plus a commission of 2% of total orders written. If his orders for the month were $34
Bumek [7]

Answer:

$3,180

Explanation:

Monthly salary would be the base salary = $2500

Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;

Commission = 2% *34000 = $680

His total pay would be calculated by adding the base salary to the commission amount;

Total pay = base salary + commission

Total pay = $2500 + $680

Total pay = $3,180

7 0
3 years ago
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