Question

2. For each of the professions in the left column, calculate the annual pay based on full-time, year-round employment consisting of 2,000 hours a year (40 hours per week for 50 weeks each year). Record your calculations under "Annual income" in the table. Then, find the difference between each annual wage figure and both the poverty threshold and the median household income. If the difference is a negative number, record it as such.

Answer 1

@AZ

Answer 2

Do you know how to get the annual income

Answer 3

So, 2000 hours a year...
for example the first one, federal minimum wage, $7.25 per hour
i suggest multiplying the two numbert ogether

Answer 4

7.25 and 2000, right?

Answer 5

yes, multiply each hourly wage by 2000

Answer 6

1. 14,500
2. 17,900
3. 47,740
4. 103,800
5. 165,400
6. 22,240
7. 52,940
8. 18,760
9. 21,180
10. 117,820

Answer 7

That's the annual income per row

Answer 8

Er, you didn't have to type it all out lol
but write that onto your sheet?

Answer 9

assuming the federal poverty line is the federal minimum wage converted to annual wage
subtract each of the values by 14,500

Answer 10

Alright

Answer 11

Or do you think it wants you to use the numbers from the previous question we answered?

Answer 12

oh

Answer 13

Maybe, but it didn't show a resemblance in the questions. At least that's what I saw

Answer 14

This question says: poverty threshold and the median household income.

the federal poverty line from the previous question would be the poverty threshold

and also I don't see anywhere in this current question where it mentions the median household income
the average for all occupations would not be the same thing as the median household income

Answer 15

Ohhh - so we still have to figure out the median household income? But we use the poverty threshold from the previous question in this one

Answer 16

no, subtract the values from federal poverty line and median household income for each one

Answer 17

Alright I'll tell you when I'm done plugging the numbers.

Answer 18

For example I write something like uh - 14,500 - 23,550 = -9,050
Right? And then just keep going down the columns?

Answer 19

Exactly!

Answer 20

And for the second column it would be

14,500 - 51,994 =

and you just go down

Answer 21

Kk !!

Answer 22

Sorry that took so long - this is what I came up with.

Answer 23

okay, time for me to plug it into excel and check your calculations

Answer 24

Excel - auto calculator

Answer 25

excel has a calculator?

Answer 26

Sort of? It's built in.

Answer 27

?_? how have i never heard of that b4

Answer 28

I got the numbers, you can check 'em while I check 'em too just for good measure

Answer 29

Already noticed you made a mistake - have differing answers for C8

which would be police officers annual income

Answer 30

And so that error made the rest of the row go wrong too

Answer 31

So just recheck what 26.57 * 2000 is and update that accordingly

and then redo the other two in the police officer row as well

Answer 32

Alright then, brb

Answer 33

Otherwise, it looks good!

Answer 34

Hows this?

Answer 35

Looks beautiful

Answer 36

Great! I have uh - only 2 more left. Can you guys help me with those as well?

Answer 37

Will definitely try!