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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

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