petra owns a coffee shop. she has ten employees. in 2007, she paid her employees minimum wage ($5.85 an…

petra owns a coffee shop. she has ten employees. in 2007, she paid her employees minimum wage ($5.85 an hour). in 2008, the minimum wage increased to $6.55 an hour. in 2009, the minimum wage increased to $7.25 an hour. petra is paying her ten employees for 40 hours a week, 52 weeks each year. in 2007, petra spent on wages for her employees each week. when the minimum wage rose in 2009, petra had to increase her annual budget for wages from 2008 by

petra owns a coffee shop. she has ten employees. in 2007, she paid her employees minimum wage ($5.85 an hour). in 2008, the minimum wage increased to $6.55 an hour. in 2009, the minimum wage increased to $7.25 an hour. petra is paying her ten employees for 40 hours a week, 52 weeks each year. in 2007, petra spent on wages for her employees each week. when the minimum wage rose in 2009, petra had to increase her annual budget for wages from 2008 by

Answer

Explanation:

Step1: Calculate weekly wage - 2007

Number of employees is 10, hours per week is 40 and wage per hour in 2007 is $5.85. So weekly wage cost is number of employees $\times$ hours per week $\times$ wage per hour. $10\times40\times5.85 = 2340$

Step2: Calculate annual wage - 2008

Number of employees is 10, hours per week is 40, weeks per year is 52 and wage per hour in 2008 is $6.55. So annual wage cost in 2008 is $10\times40\times52\times6.55= 136240$

Step3: Calculate annual wage - 2009

Number of employees is 10, hours per week is 40, weeks per year is 52 and wage per hour in 2009 is $7.25. So annual wage cost in 2009 is $10\times40\times52\times7.25 = 150800$

Step4: Calculate increase in annual budget from 2008 to 2009

Subtract 2008 annual wage cost from 2009 annual wage cost. $150800 - 136240=14560$

Answer:

In 2007, Petra spent $2340 on wages for her employees each week. When the minimum - wage rose in 2009, Petra had to increase her annual budget for wages from 2008 by $14560.