Final answer:
The annual loss of income due to missing one work day every two weeks at $9.29 per hour, working 8 hours per missed day, is $1,932.32.
Step-by-step explanation:
To calculate the amount of pay being lost each year due to missing one work day every two weeks, we need to consider the weekly work schedule and hourly wage.
Step-by-Step Calculation
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- First, determine the hourly wage and the number of hours missed per day. In this case, the hourly wage is $9.29 and each missed day accounts for 8 hours of work.
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- Second, calculate the daily loss of income due to illness. Multiply the hourly wage by the number of hours missed: $9.29 x 8 = $74.32.
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- Third, calculate how many work days are missed per year. Since one work day is missed every two weeks, and there are 52 weeks in a year, there would be a total of 52 / 2 = 26 missed work days per year.
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- Finally, multiply the daily loss of income by the number of missed work days per year to find the annual loss: $74.32 x 26 = $1,932.32.
The annual loss of income due to missing one day of work every two weeks at an hourly wage of $9.29 is $1,932.32.