You are paid $8.55/hr at your part-time job. You work 10 hours per week. You are considering working a part-time job for $6.25/hr, and it pays tips. You will earn an average of $3.00/hr in tips. If you work the same 10 hours at the new job, how much more is your total gross income including tips compared to your old job? Round any decimals to the nearest penny.
Old job:
Hourly rate: $8.55/hr
Weekly earnings: $8.55/hr * 10 hrs/week = $85.50
New job:
Hourly rate: $6.25/hr
Hourly tips: $3.00/hr
Total hourly earnings: $6.25/hr + $3.00/hr = $9.25/hr
Weekly earnings: $9.25/hr * 10 hrs/week = $92.50
Difference in weekly earnings:
$92.50 - $85.50 = $7.00
Therefore, your total gross income including tips at the new job is $7.00 more compared to your old job.