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.)

Answer 1

the anwser is $2,073.60 , hope this helps!

Answer 2

His monthly cash inflow is $2073.60

Explanation:

Tyrone's hourly wage = $18

Daily earning for a regular 8 hours = $18 × 8 = $144

Weekly earning for 5 days a week = $144 × 5 = $720

Monthly earning for 4 weeks in a month = $720 × 4 = $2,880

Monthly net pay of Tyrone = 72% × 2,880

= 0.72 × 2,880

= $2,073.60

His monthly cash inflow is $2073.60