Question

Desiree works 28 hours per week. She has a monthly income of $120 from investments. Desiree also plays in a band one night a week making $200. She has a total annual income of $49,696. Desiree wants to ask her boss for a raise so that next year she can have a total income of $51,880. Assuming the other incomes remain the same, how much of an hourly raise will Desiree need?

Answer 1

Answer:

$1.50

Explanation:

Desiree makes $120 per months from investments. The annual income from investments = $120 x 12

=$1,440

She play in band earning $200 per week. Annual income from the band will be = $200 x 52 weeks

=$10,400

If her total annual income is $49,696, then her annual income from her salary =$49,696 -( $1440 + $10,400)

=$49,696 -$11,840

=$37,856

weekly earnings will be $37,856 /52= $728

Hourly earnings will be $728 /28

=$26

Desiree wants to make $51,880 per year. Her income from investments and the band will remain the same.

She needs to earn $51,880 -$11,840 from her salary

=$40,040 per year

Her new weekly earnings will be $40,040 /52 =$770

New hourly earning = $27.5

Desiree should ask for a raise of( $27.5 -$26)

=$1.50