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Reika [66]
3 years ago
7

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 weeks per month. (the minimum monthly income is $4,089)
Business
1 answer:
Maksim231197 [3]3 years ago
5 0

Answer:

$23.85 per hours

Explanation:

The labor wage per hour can be calculate by simply dividing minimum monthly income by the least number of total hours that a labor must work. The resultant amount will be hourly wage of an employee.

Mathematically,

Hourly Wage = Minimum Monthly Income  /  Total Hours Worked

Here

Minimum Monthly Income is $4,089

Total Hours Worked = 40 Hrs per week * 30 days / 7 days

Total Hours Worked = 171.43 Hours

By putting the values, we have:

Hourly Wage = $4,089 / 171.43 Hrs   = $23.85 per hours

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Accounts Receivable                         10,200

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