Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Please write out, step-by-step, how you obtained the correct answer for this math problem.

Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hour and works 40 hours of regular time and 5 hours of overtime a week. They have two car payments totaling $500 a month and one credit card with a minimum payment of $50 a month. What is their combined gross monthly income?



(HINT: Remember to assume that overtime is always time and a half unless otherwise specified!!)

Sagot :

Cricetus

Answer:

The correct answer is "$7,630".

Explanation:

Assuming there are four weeks in a month, then

Joe's income will be:

= [tex]23.50\times 40\times 4[/tex]

= [tex]3,760[/tex] ($)

Zola's income will be:

= [tex]21.50\times (40+5)\times 4[/tex]

= [tex]21.50\times 45\times 4[/tex]

= [tex]3,870[/tex] ($)

hence,

The combined gross monthly income will be:

= [tex]Jose's \ income+Zola's \ income[/tex]

= [tex]3,760+3,870[/tex]

= [tex]7,630[/tex] ($)

Answer:

$8,498.75

Explanation:

Jose = ($23.5x40x52)/12=$4073.33

Zola = ($21.5x40x52/12)+($21.5x1.5(overtime pay)x5x52)/12= $3726.67+$698.75=$4425.41

Combined = $4073.33+ $4425.42= $8498.75

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.