Question

Based on a 4-week work month and a 40-hour

workweek, which amount is closest to the combined

hourly wage needed for this family to pay its

budgeted expenses?

A

$1,107.50

B

$27.69

(с

$110.75

D

$55.38

Answer 1

$27.69

Explanation:

Given

Monthly budget (See attachment)

`Month = 4\ weeks`

`Week = 40 \ hour`

Required

Determine the closest hourly wage

From the attachment, the monthly budget is:

`Budget = \$ 4430`

First, we calculate the closest weekly earnings.

Since a month = 4 weeks.

Then

`Weekly\ Earnings = (\$4430)/(4)`

`Weekly\ Earnings = \$1107.5`

Next, we calculate the hourly earnings:

Since 1 week = 40 hour

Then

`Hourly\ Earnings = (\$1107.5)/(40)`

`Hourly\ Earnings = \$27.6875`

From the list of options, the closest is: $27.69