5. judge whether this is a reasonable estimate of gross income. round to help you estimate whether the…

5. judge whether this is a reasonable estimate of gross income. round to help you estimate whether the income should be higher or lower. (no calculator required)\n| hourly rate | number of hours worked | estimated income | should this estimate be higher or lower? |\n| ---- | ---- | ---- | ---- |\n| $10.00 | 5 | = $500.00 | |\n| $20.00 | 3.5 | = $100.00 | |\n| $8.00 | 15 | = $100.00 | |\nunit 1 - money sense - 2 - mat2l

5. judge whether this is a reasonable estimate of gross income. round to help you estimate whether the income should be higher or lower. (no calculator required)\n| hourly rate | number of hours worked | estimated income | should this estimate be higher or lower? |\n| ---- | ---- | ---- | ---- |\n| $10.00 | 5 | = $500.00 | |\n| $20.00 | 3.5 | = $100.00 | |\n| $8.00 | 15 | = $100.00 | |\nunit 1 - money sense - 2 - mat2l

Answer

Explanation:

Step1: Calculate actual income for first row

Multiply hourly rate by hours. $10\times5 = 50$. The estimated income is $500$, which is much higher.

Step2: Calculate actual income for second row

Multiply hourly rate by hours. $20\times3.5=70$. The estimated income is $100$, which is higher.

Step3: Calculate actual income for third row

Multiply hourly rate by hours. $8\times15 = 120$. The estimated income is $100$, which is lower.

Answer:

Hourly rate number of hours worked Estimated income Should this estimate be higher or lower?
$10.00$ 5 $ = $500.00$ Higher
$20.00$ 3.5 $ = $100.00$ Higher
$8.00$ 15 $ = $100.00$ Lower