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\na\nb\nc\nd

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\na\nb\nc\nd

Answer

Explanation:

Step1: Calculate weekly earnings

Weekly earnings = Hourly wage×Hours per week. So, $18\times40 = 720$.

Step2: Calculate monthly gross - earnings

Monthly gross - earnings = Weekly earnings×Number of pay periods per month. So, $720\times4=2880$.

Step3: Calculate monthly net - pay (cash inflow)

Net pay is 72% of earnings. So, $2880\times0.72 = 2073.6$.

Answer:

D. $2,073.60