Question

Calculate the hourly wage associated with the two annual income levels listed below. Assume that an individual works 40 hours per week for 50 weeks each year.

Answer 1

Hi @rozarr

Answer 2

So we're assuming that one person works 40 hours per week for 50 weeks each year

How many hours has he worked in 1 year then?

Works 40 hours in 1 week
Works 50 weeks in 1 year

Do you know how to calculate how many hours a person would have worked in 1 year?
(Hint: Just multiply the two numbers)

Answer 3

40 x 50 = 2000 ?

Answer 4

So he worked 2000 hours?

Answer 5

Yup!

Answer 6

Correct

Answer 7

so smart

Answer 8

So now let's look at your question

If the annual income is 23,550
and a person has worked 2000 hours

how much did he earn every hour?

$23,550 for 2000 hours

??? for 1 hour

so to calculate her hourly wage or how much he earned per hour

just divide

23500 / 200 =

Answer 9

You mean divide 23500 / 2000 or do you really mean 200. Because if 200 , how did you get that?

Answer 10

oops, typo

I meant 2000

Answer 11

Good catch!

Answer 12

His hourly wage was 11.75 :o

Answer 13

as my teachers would always say, just trying to make sure you're paying attention ;)

Answer 14

There you have it!! That's the hourly wage for the first row

Now just like that, for the second row

$51,994 dollars earned for 2000 hours

??? earned per hour

just divide by 2000

Answer 15

25.99 - that's a lot of money.

Answer 16

There you have it!

Answer 17

I hope we did that correctly, by the way

Answer 18

Because they didn't exactly clarify how MANY people were working in this family of 4

But I'm assuming that it's only 1 person

Answer 19

I think it's 1 because it says, "Assume that an individual..."

Answer 20

Because if it's more than one person, like say both parents and there's 2 kids

then the first question would be HALF of that so like 5.875 per hour
and that's way below minimum wage

Answer 21

Yeah that's my reasoning too!

Answer 22

Can you help me with a few or two more questions if I make them?

Answer 23

Sure!