One of the issues that is debated in virtually every election is whether to raise the federal minimum wage, which stood at S7.25 per hour in 2015. Suppose that you are married with a child, working a 40-hour week in a minimum wage job. Assume that you pay taxes of about 10 percent of your total pay and that you work an average of 8 hours per day, 20 days each month. Your take-home pay (after taxes) is $ a month. (Enter your response as an integer.)

One of the issues that is debated in virtually every election is whether to raise the federal minimum wage, which stood at S7.25 per hour in 2015. Suppose that you are married with a child, working a 40-hour week in a minimum wage job. Assume that you pay taxes of about 10 percent of your total pay and that you work an average of 8 hours per day, 20 days each month. Your take-home pay (after taxes) is $ a month. (Enter your response as an integer.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Lesson 11 Question 2
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