Answer to Question #90791 in Financial Math for Imari Bailey

Question

Tyrone’s 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.)

Answer 1

Total monthly cash inflow is

18*0.72*40*4 - 1,800 = $273.6.