Question

how to calculate the hourly wage based on the monthly income and state the hourly wage. assume that each full time worker works four 40-hour weeks per month. (the minimum monthly income is $4,089)

Answer 1

$23.85 per hours

Step-by-step explanation:

The labor wage per hour can be calculate by simply dividing minimum monthly income by the least number of total hours that a labor must work. The resultant amount will be hourly wage of an employee.

Mathematically,

Hourly Wage = Minimum Monthly Income / Total Hours Worked

Here

Minimum Monthly Income is $4,089

Total Hours Worked = 40 Hrs per week * 30 days / 7 days

Total Hours Worked = 171.43 Hours

By putting the values, we have:

Hourly Wage = $4,089 / 171.43 Hrs = $23.85 per hours