Question

Determine how much money would be needed on an hourly or monthly basis for one worker to make $21,630 annually. Assuming a work week is 40 hours long, a working month has 172 hours (an average month is 4.3 weeks long). A working year has 2,080 hours.

a. hourly = $

b. monthly = $

Answer 1

a hourly rate is $10.40

b monthly income = 1788.80

Explanation:

We need to make 21 630 per year

The question says a working year has 2080 hours

to find the hourly rate, take the salary and divide by the hours

21630/ 2080 hours = 10.40 per hour ( rounded to the nearest cent)

So the person will be making 10.40 per hour

There are 172 hours in a month

Salary = hours * rate

=172*10.40

=1788.80