Question

Tyrone's hourly wage is $18 and his net pay is 72% of his earnings Tyrone spends about $1800 on his monthly expenses if Tyrone works 40 hours per week and has no other sources of income what is his total monthly cash inflow it as soon as there are four pay periods per month

Answer 1

The monthly cash inflow is $273.6

Explanation:

It is given that hourly wage is $18 and his net pay is 72% of his earnings.

First, calculate the 72% of $18.

72% of his earnings is
`\$18* ( 72)/(100)= \$12.96`.

Tyrone works 40 hours per week .

The number of working hours in a month is:
`40*4=160 \text{ hours}`

For 1 hour is he was getting $12.96.

For 160 hours he will get:
`160* 12.96=\$2073.6`

His total monthly cash inflow is $2073.6 - $1,800=$273.6

Hence, the monthly cash inflow is $273.6