Eben figures he can work a part-time job for 20 hours a week, 50 weeks 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 figures he will need $22,500 each year for tuition, fees, and living expenses. What is the minimum he must make per hour?(1 point)
Responses
$11.25
$11.25
$5.63
$5.63
$10.82
$10.82
$10.50
To calculate the minimum hourly wage Eben must make, we need to determine the total amount he needs to earn each year and divide it by the total number of hours he plans to work during that year.
Total amount needed each year: $22,500
Number of weeks Eben plans to work: 50
Number of hours Eben plans to work per week: 20
Total hours worked per year: 50 weeks/year * 20 hours/week = 1000 hours/year
Minimum hourly wage: Total amount needed each year / Total hours worked per year
Minimum hourly wage: $22,500 / 1000 hours/year = $22.50/hour
Therefore, the minimum hourly wage Eben must make is $22.50.