Question

(HELP FOR 100 POINTS) State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the family you used in part a. Then, explain how to calculate the hourly wage based on the monthly income and state the hourly wage. Assume that each full-time worker works four 40-hour work weeks per month, and each part-time worker works two 40-hour weeks per month.

Answer 1

Full-time worker minimum monthly income = US$ 6,594Part-time worker minimum monthly income = US$ 6,594Full-time worker hourly wage = US$ 41.21Part-time worker hourly wage = US$ 82.43

Step-by-step explanation: