Question

Susan created a list below of her monthly household expenses. If she works 40 hours per week, what does her hourly wage need to be to meet these expenses?

Rent: $875

Monthly Bills: $1276

Entertainment and Food: $648

Savings: $250

Answer 1

$76.23

Explanation:

Her expenses are:

• Rent: $875
• Monthly Bills: $1276
• Entertainment and Food: $648

The sum is 875+1276+648 = 2799

Also, she needs to have savings of 250, so we need $250 more, that would be:

2799 + 250 = $3049

Working a 40 hours week, she will need 3049, so to find hourly wage, we divide amount needed (3049) by number of hours (40), so:

3049/40 = 76.225

Rounded, that would be Hourly Wage of $76.23