(HELP FOR 100 POINTS) State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the famil

Question

3 years ago

15

(HELP FOR 100 POINTS) State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the famil

y you used in part a. Then, explain how to calculate the hourly wage based on the monthly income and state the hourly wage. Assume that each full-time worker works four 40-hour work weeks per month, and each part-time worker works two 40-hour weeks per month.

Mathematics

2 answers:

Ksenya-84 [330] · Answer 1 · 2022-07-02T03:30:48+03:00

Answer:

Full-time worker minimum monthly income = US$ 7,846.40

Part-time worker minimum monthly income = US$ 7,846.40

Full-time worker hourly wage = US$ 49.04

Part-time worker hourly wage = US$ 98.08

Step-by-step explanation:

1. Let's review the information given to answer the question correctly:

Monthly costs of a 2-adult and 3-children family in the Modesto metro area = US$ 7,846

Full-time worker = 4 weeks of 40-hour per month

Part-time worker = 2 weeks of 40-hour per month

2. Let's calculate the minimum monthly income and hourly wage per worker

Full-time worker hourly wage = Monthly costs/160

Part-time worker hourly wage = Monthly costs/80

Full-time worker hourly wage = 7,846/160

Part-time worker hourly wage = 7,846/80

Full-time worker hourly wage = US$ 49.04

Part-time worker hourly wage = US$ 98.08

Full-time worker minimum monthly income = Hourly wage * 160

Part-time worker minimum monthly income = Hourly wage * 80