ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sam works 40 hours a week. He is paid $30.00 an hour. He worked 50 hours this week. How much is his pay check?
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$1600.00
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$1200.00
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$650.00
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$1650.00
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Explanation:
Detailed explanation-1: -So to calculate your weekly income, see below: $30 an hour multiplied by 40 hours per week is $1, 200 per week income.
Detailed explanation-2: -If you make $30 per hour, your Weekly salary would be $1, 200.
Detailed explanation-3: -If you make $30.66 per hour, your Yearly salary would be $63, 773. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.
Detailed explanation-4: -$16.50 an hour is $33, 000 a year in annual income. If you earn an hourly wage of $16.50 an hour and work for an average of 40 hours a week for 50 weeks a year, you’ll earn a yearly salary of $33, 000.
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