Question

Tyrone’s hourly wage is $18 and his net pay is 72% of his earnings. Tyrone spends about $1,800 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?

Answer 1

His total monthly cash inflow is: $273.6

Explanation:

Given, Tyrone's hourly wage is: $18

He work 40 hours in week.

Also we know that their are 4 weeks in a month.

and, Also his net pay is 72%

So his Monthly Wage is: 18 × 40 × 4 × 0.72 = $2,073.6

It is given that, Tyrone spends $1,800

So, his total monthly cash inflow is: $2,073.6 - $1,800 = $273.6

Answer 2

((18*40)*(4weeks of pay)) 0.72 (to discount taxes and result in net pay) = $2,073.60 earned during the month. If he spends $1,800 of that his inflow will be $273.60.