Last year you had a total income of $62,000. You sold a house and made a profit of $26,520. You also had monthly income of $75 from investments. You work 25 hours per week and 52 weeks per year as an hourly employee. How much more an hour would you had to have earned last year in order to have a total income of $63,250 Group of answer choices $26.60 $0.96 $27.56 $30.40

Question

contestada

Respuesta :

JeanaShupp JeanaShupp · Answer 1 · 2021-09-23T09:36:43+02:00

You had to earn $0.96 more an hour last year in order to have a total income of $63,250.

Given:

In Last year,

Total income = $62,000

Profit made by selling house =$26,520

Monthly income by investment = $75

Yearly income by investment = [tex]12 \times 75[/tex] ( 1 year = $75)

= $900

Computation:

Also, you 25 hours per week and 52 weeks per year as an hourly employee.

Let x be your hourly wages.

Then, yearly income by working = [tex]25 \times 52 \times x[/tex]

= 1300x

As per given,

[tex]1300x+900+26520=62000\\\\ 1300x=34580\\\\ x=26.6[/tex]

In order to earn total income $63,250, we have

[tex]1300x+900+26520=63250\\\\ 1300x=35830\\\\ x\approx27.56[/tex]

Difference = 27.56-26.6 = $ 0.96

Hence, You had to earn $0.96 more an hour last year in order to have a total income of $63,250.

Learn more:

https://brainly.com/question/11787343?referrer=searchResults