{"id":178548,"date":"2024-12-27T15:18:05","date_gmt":"2024-12-27T15:18:05","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=178548"},"modified":"2024-12-27T15:18:07","modified_gmt":"2024-12-27T15:18:07","slug":"tyrones-hourly-wage-is-18-and-his-net-pay-is-72-of-his-earnings","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2024\/12\/27\/tyrones-hourly-wage-is-18-and-his-net-pay-is-72-of-his-earnings\/","title":{"rendered":"Tyrone\u2019s hourly wage is $18 and his net pay is 72% of his earnings"},"content":{"rendered":"\n

Tyrone\u2019s 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.)<\/p>\n\n\n\n

Options:<\/p>\n\n\n\n

a. $273.60
b. $1,080.00
c. $1,800.00
d. $2,073.60<\/p>\n\n\n\n

The Correct Answer and Explanation is :<\/mark><\/strong><\/p>\n\n\n\n

The correct answer is d. $2,073.60<\/strong>.<\/p>\n\n\n\n

Explanation:<\/h3>\n\n\n\n

To calculate Tyrone’s total monthly cash inflow, we need to follow a few steps, breaking it down into his gross earnings and his net pay (after taxes). The problem gives us the following information:<\/p>\n\n\n\n

    \n
  1. Tyrone\u2019s hourly wage<\/strong> is $18.<\/li>\n\n\n\n
  2. His net pay<\/strong> is 72% of his earnings (i.e., after taxes, deductions, etc.).<\/li>\n\n\n\n
  3. Tyrone works 40 hours per week<\/strong>.<\/li>\n\n\n\n
  4. There are 4 pay periods per month<\/strong>.<\/li>\n<\/ol>\n\n\n\n

    Step 1: Calculate Tyrone’s weekly earnings.<\/h4>\n\n\n\n

    Tyrone works 40 hours per week at $18 per hour.<\/p>\n\n\n\n

    [
    \\text{Weekly earnings} = 40 \\times 18 = 720
    ]<\/p>\n\n\n\n

    Step 2: Calculate his monthly earnings.<\/h4>\n\n\n\n

    Since there are 4 weeks in a month (based on the problem hint), we multiply his weekly earnings by 4:<\/p>\n\n\n\n

    [
    \\text{Monthly earnings} = 720 \\times 4 = 2,880
    ]<\/p>\n\n\n\n

    Step 3: Calculate Tyrone\u2019s net pay.<\/h4>\n\n\n\n

    His net pay is 72% of his monthly earnings. To find his net pay, we multiply his total monthly earnings by 72% (or 0.72):<\/p>\n\n\n\n

    [
    \\text{Net pay} = 2,880 \\times 0.72 = 2,073.60
    ]<\/p>\n\n\n\n

    Thus, Tyrone\u2019s total monthly cash inflow is $2,073.60<\/strong>.<\/p>\n\n\n\n

    Conclusion:<\/h3>\n\n\n\n

    Tyrone’s total monthly cash inflow, after deductions, is $2,073.60. This reflects his take-home pay, which is the amount he actually receives after the deductions (such as taxes, benefits, etc.) are applied to his gross earnings.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Tyrone\u2019s 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.) Options: a. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-178548","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/178548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=178548"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/178548\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=178548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=178548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=178548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}