Even figures he can work a part-time job for 20 hours a week 50 hours a year for the next four years to earn money for his higher education. He wants to pursue a two-year program at a community college and figure he will need $22,500.each year for tuition fees and living expenses, what is the minimum he must make per hour
To calculate the minimum wage he must make per hour, we need to determine the total amount of money he needs to earn each year and divide it by the total number of hours he plans to work.
Total annual expenses = tuition fees + living expenses
Total annual expenses = $22,500 + $22,500 = $45,000
Total number of work hours per year = 20 hours/week * 50 weeks/year = 1000 hours/year
Minimum wage per hour = Total annual expenses / Total number of work hours per year
Minimum wage per hour = $45,000 / 1000 hours/year = $45/hour
Therefore, the minimum wage he must make per hour is $45.