If individual x is working 8 hours at market wage rate 10 birr per hours and benefit red 0.25, net wage for individual x will be
To calculate the net wage for individual x, we need to subtract the benefit from the gross wage.
Gross wage = Market wage rate * Hours worked
= 10 birr per hour * 8 hours
= 80 birr
Net wage = Gross wage - Benefit
= 80 birr - 0.25 birr
= 79.75 birr
Therefore, the net wage for individual x would be 79.75 birr.
To calculate the net wage for individual x, we need to subtract the benefit deduction from the gross wage.
Given:
- Market wage rate: 10 birr per hour
- Hours worked: 8 hours
- Benefit deduction: 0.25
Step 1: Calculate the gross wage
Gross wage = wage rate * hours worked
= 10 birr/hour * 8 hours
= 80 birr
Step 2: Calculate the net wage
Net wage = Gross wage - Benefit deduction
= 80 birr - 0.25 birr
= 79.75 birr
Therefore, the net wage for individual x will be 79.75 birr.