An applicant earns $9 per hour and works 40 hours per week in typical weeks. Four weeks out of the year the applicant works an extra 10 hours per week. (Any hours over 40 in a week, the applicant receives overtime pay at "time and 1/2") There are 52 weeks in a year. calculate the applicants yearly income.
You are managing the 100-unit apartment community Sunnyside Place and the property’s average annual turnover rate is 60%. How many apartments on average turn over per month?
Ms. Sue, God Bless you for your wonderful brilliant and intelligent brain. "Thank for your much needed help" Sincerely, Esther Munoz
60/12 = 5
I think you'll find, though, that more apartments turn over in the summer than in the rest of the year.
And you're welcome, Esther. Thanks for the compliments!
To calculate the applicant's yearly income, we need to consider the different scenarios of regular work weeks and weeks with extra hours.
First, let's calculate the income from regular work weeks. The applicant earns $9 per hour and works 40 hours per week, so in a regular week, the applicant earns:
Regular weekly income = $9/hour * 40 hours/week = $360/week
Since there are 52 weeks in a year, we multiply the regular weekly income by 52:
Regular yearly income = $360/week * 52 weeks/year = $18,720/year
Now, let's calculate the income from the weeks with extra hours. The applicant works an additional 10 hours per week in four weeks of the year, which makes a total of 40 extra hours.
In these extra hours, the applicant receives overtime pay at "time and 1/2" the regular hourly rate. So, for each extra hour, the applicant earns $9/hour * 1.5 = $13.50.
Extra weekly income = $13.50/hour * 40 hours = $540/week
Since there are four weeks with extra hours in a year, we multiply the extra weekly income by 4:
Extra yearly income = $540/week * 4 weeks/year = $2,160/year
Finally, we can calculate the total yearly income by adding the regular yearly income and the extra yearly income:
Total yearly income = Regular yearly income + Extra yearly income
= $18,720/year + $2,160/year
= $20,880/year
Therefore, the applicant's yearly income is $20,880.