Question

1. Dwight is a construction worker who will be employed for 8 months this year on a contract job, and he needs to calculate his projected yearly earnings in order to fill out a loan application. His contract states that he will make $35 an hour and that he will work 45 hours per week for the duration of the contract. (4 points: Part I - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point)Part I: How much will Dwight make per week?Part II: If Dwight worked for the whole year instead of for only 8 months, what would his yearly earnings be?Part IV: Considering that Dwight will only work for 8 months and not for the whole year, what are his projected yearly earnings?

Answer 1

So it is stated that he will make $35 an hour and that he will work 45 hours per week for the duration of the contract:

Part I: How much will Dwight make per week?

35*45= $1575

Part II: If Dwight worked for the whole year instead of for only 8 months, what would his yearly earnings be?

we have: 1575 per week, 4 weeks per month, 12 months:

1575*4*12 = $75,600

Part III: What fraction of 1 year is 8 months?

A year has 12 months, so:

8/12 = 2/3 of a year

Part IV: Considering that Dwight will only work for 8 months and not for the whole year, what are his projected yearly earnings?

1575 per week, 4 weeks per month, 8 months:

1575*4*8 = $50,400