Question

As of 2020, the US minimum wage is $7.25 per hour. If a large corporation paid each of their 2.5 million employees that rate for 34 hours per week, 48 weeks per year, how much would each worker earn? What total amount is the company paying in salaries?

Answer 1

$29,520,000,000 (29.52 billion)

Explanation:

$7.25 x 34 = $246.50 per week

$246.50 x 48 = $11,808 per year (each worker earns)

$11,808 x 2,500,000 = $29,520,000,000