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16 August, 00:48

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

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  1. 16 August, 00:49
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    18 x 40 = 720 per week ... 720 x 4 = 2880 per month earnings

    net pay = 0.72 (2880) = 2073.60 < = = = cash inflow.

    how much he spends per month is his cash outflow.
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