Question

. Abe makes $18.50 per hour. He works 37 hours a week. He pays 23% of his gross earnings in federal and state taxes and saves 5% of his monthly gross income. He is considering renting an apartment that will cost $1.500 per month. mmended 250-300 bly

Answer 1

We are told that Abe makes $18.50 per hour and works 37 hours per week. Therefore, his monthly income is equivalent to:

`(18.50dollars)/(hour)*37\text{ hours/w}eek=684.5\text{ dollars/w}eek`

Multiplying by 4 weeks:

`684.5\text{ dollars/we}ek*4week=2738\text{ dollars}`