Question

QUESTION 7 of 10: You have 100 workers who make $9 per hour that work 40 hours per week, 52 weeks a year. If the minimum wage

increased to $11 per hour, how much extra money will the company pay for these 100 workers?
a) $4,160
b) $416,000
c) $1,872,000
$2,288,000

Answer 1

To calculate the extra money the company will pay for the 100 workers with the increased minimum wage, we find the difference in wages and multiply it by the number of hours worked per week and weeks in a year.

Step-by-step explanation:

To calculate the extra money the company will pay, we need to find the difference between the current wage and the increased wage, and then multiply it by the number of hours worked per week and the number of weeks in a year.

The difference in wages is $11 - $9 = $2 per hour. So, the extra money paid per worker is $2 x 40 hours/week x 52 weeks/year = $4,160.

Since there are 100 workers, the total extra money the company will pay for these workers is $4,160 x 100 = $416,000.

Learn more about Calculating extra money paid with increased minimum wage