Rhono has a part-time job at the local supermarket working 3 hours after school each night and 5 hours on saturdays. His gross hourly pay is $8.75. Estimate and then calculate his next wages for the month, after 20% tax is deducted. Each month his expenses are: Entertainment $35.00, health and beauty $21.00, transport $18.00, clothing $24.00, hire purhases payments $15.75. Calculate the amount Rhono has left over at the end of each month, and how much he would have saved at the end of 12 months.

Question

Mathematics

Happy

15 July, 12:37

Rhono has a part-time job at the local supermarket working 3 hours after school each night and 5 hours on saturdays. His gross hourly pay is $8.75. Estimate and then calculate his next wages for the month, after 20% tax is deducted. Each month his expenses are: Entertainment $35.00, health and beauty $21.00, transport $18.00, clothing $24.00, hire purhases payments $15.75. Calculate the amount Rhono has left over at the end of each month, and how much he would have saved at the end of 12 months.

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Jensen Mcbride · Answer 1

Rhono apparently works 5*3+5 = 20 hours per week. His net pay for 4 weeks * is

... 4*20*8.75 * (1 - 0.20) = $560

The listed expenses add to

... 35 + 21 + 18 + 24 + 15.75 = 113.75

The amount left over at the end of each 4-week period is

... $560 - 113.75 = $446.25

If he saves the remainder, after 12 months, he will have saved

... 12*$446.25 = $5,355.00

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* There are 13 periods of 4 weeks in a year. If Rhono takes no vacation, his savings balance may be $560 more than the above amount, that is, $5,915.00.