# Tyrone's hourly wage is \$18 and his net pay is 72% of his earnings. Tyrone spends about \$1,800 on his monthly expenses

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.)

Options:

a. \$273.60
b. \$1,080.00
c. \$1,800.00
d. \$2,073.60

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1. Correct Answer: d. \$2,073.60

2. To calculate Tyrone’s total monthly cash inflow, we can follow these steps:

1. Calculate Tyrone’s gross weekly earnings:
• Hourly wage = \$18
• Hours worked per week = 40
• Gross weekly earnings = \$18 * 40 = \$720
2. Calculate Tyrone’s net weekly earnings:
• Net pay is 72% of his gross earnings.
• Net weekly earnings = 72% of \$720 = 0.72 * \$720 = \$518.40
3. Calculate Tyrone’s net monthly earnings (cash inflow):
• There are 4 pay periods in a month.
• Monthly cash inflow = \$518.40 * 4 = \$2,073.60

Therefore, the correct answer is:

d. \$2,073.60
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