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 $2,340 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 $2,900 $14,560 $136,240

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 $2,340 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 $2,900 $14,560 $136,240

Answer

Answer:

$14,560$

Explanation:

Step1: Calculate 2008 weekly wage cost

Number of employees is 10, hours per week is 40, and wage per hour in 2008 is $6.55$. So weekly cost in 2008 is $10\times40\times6.55 = 2620$ dollars.

Step2: Calculate 2008 annual wage cost

There are 52 weeks in a year. So 2008 annual cost is $2620\times52=136240$ dollars.

Step3: Calculate 2009 weekly wage cost

Wage per hour in 2009 is $7.25$. Weekly cost in 2009 is $10\times40\times7.25 = 2900$ dollars.

Step4: Calculate 2009 annual wage cost

2009 annual cost is $2900\times52 = 150800$ dollars.

Step5: Calculate the increase in annual budget

Increase is $150800 - 136240=14560$ dollars.