Rahim Obert is employed in the accounts receivable department. He earns $16.12 per hour. He works 40 hours a week for 50 weeks of the year. He is single and has one qualifying child.
What is his annual gross income?
32,149.73*
So the way I got my answer is by doing 16.12*40*50.
Good job!
16.12*40*50 is (32,240)
To calculate Rahim Obert's annual gross income, you need to multiply his hourly rate by the number of hours he works per week, then multiply that by the number of weeks in a year.
Rahim Obert earns $16.12 per hour and works 40 hours per week. So, his weekly income can be calculated as:
$16.12/hour * 40 hours/week = $644.80/week
Now, to find the annual gross income, we need to multiply this weekly income by the number of weeks he works in a year. It is given that he works 50 weeks per year:
$644.80/week * 50 weeks/year = $32,240/year
Therefore, Rahim Obert's annual gross income is $32,240.
You are correct in your calculation. To find Rahim Obert's annual gross income, you can simply multiply his hourly wage ($16.12) by the number of hours he works per week (40) and the number of weeks he works in a year (50).
So, the calculation would be:
$16.12 * 40 * 50 = $32,149.73
Hence, Rahim Obert's annual gross income is $32,149.73.