week 4 (unit 1 review)\nassume that you work 40 hours per week at the minimum wage of $15.50. you pay $1600…

week 4 (unit 1 review)\nassume that you work 40 hours per week at the minimum wage of $15.50. you pay $1600 per month for rent and $530 per month for a car payment.\na) how much money will you make in a month? (assume there are 4 weeks in a month) $\n$ \nb) after paying rent and your car payment, how much money do you have left for groceries and other essentials? $\n$ \npossible points: 7.69\n3 of 13

week 4 (unit 1 review)\nassume that you work 40 hours per week at the minimum wage of $15.50. you pay $1600 per month for rent and $530 per month for a car payment.\na) how much money will you make in a month? (assume there are 4 weeks in a month) $\n$ \nb) after paying rent and your car payment, how much money do you have left for groceries and other essentials? $\n$ \npossible points: 7.69\n3 of 13

Answer

Explanation:

Step1: Calculate monthly income

The hourly wage is $15.50 and you work 40 hours per week. There are 4 weeks in a month. So the monthly income is $15.50\times40\times4$. $15.50\times40\times4 = 15.50\times160=2480$

Step2: Calculate remaining money

The rent is $1600 per month and the car - payment is $530 per month. The total of rent and car - payment is $1600 + 530=2130$. The money left for groceries and other essentials is the monthly income minus the total of rent and car - payment, which is $2480-2130$. $2480 - 2130=350$

Answer:

a) $2480 b) $350