Question

Please write out, step-by-step, how you obtained the correct answer for this math problem.

Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hour and works 40 hours of regular time and 5 hours of overtime a week. They have two car payments totaling $500 a month and one credit card with a minimum payment of $50 a month. What is their combined gross monthly income?



(HINT: Remember to assume that overtime is always time and a half unless otherwise specified!!)

Answer 1

$8,498.75

Step-by-step explanation:

Jose = ($23.5x40x52)/12=$4073.33

Zola = ($21.5x40x52/12)+($21.5x1.5(overtime pay)x5x52)/12= $3726.67+$698.75=$4425.41

Combined = $4073.33+ $4425.42= $8498.75

Answer 2

The correct answer is "$7,630".

Step-by-step explanation:

Assuming there are four weeks in a month, then

Joe's income will be:

=
`23.50* 40* 4`

=
`3,760` ($)

Zola's income will be:

=
`21.50* (40+5)* 4`

=
`21.50* 45* 4`

=
`3,870` ($)

hence,

The combined gross monthly income will be:

=
`Jose's \ income+Zola's \ income`

=
`3,760+3,870`

=
`7,630` ($)