tyrones hourly wage is $18 and his net pay is 72% of his earnings. tyrone spends about $1,800 on his monthly…

tyrones hourly wage is $18 and his net pay is 72% of his earnings. tyrone spends about $1,800 on his monthly expenses. if tyrone works 40 hours per week and has no other sources of income, what is his total monthly cash inflow? (hint: assume that there are 4 pay periods per month.)\na. $273.60\nb. $1,080.00\nc. $1,800.00\nd. $2,073.60\nplease select the best answer from the choices provided\no a\no b\no c\no d

tyrones hourly wage is $18 and his net pay is 72% of his earnings. tyrone spends about $1,800 on his monthly expenses. if tyrone works 40 hours per week and has no other sources of income, what is his total monthly cash inflow? (hint: assume that there are 4 pay periods per month.)\na. $273.60\nb. $1,080.00\nc. $1,800.00\nd. $2,073.60\nplease select the best answer from the choices provided\no a\no b\no c\no d

Answer

Explanation:

Step1: Calculate weekly earnings

Hourly wage is $18 and works 40 hours per week, so weekly earnings = $18×40 = $720.

Step2: Calculate monthly gross - earnings

There are 4 pay periods per month, so monthly gross - earnings = $720×4=$2880.

Step3: Calculate monthly net - pay

Net pay is 72% of earnings. So monthly net - pay = 0.72×2880 = $2073.6.

Step4: Determine monthly cash inflow

Since there are no other sources of income, total monthly cash inflow is the monthly net - pay, which is $2073.6.

Answer:

D. $2,073.60