Question
Typical annual pay for full time management is $121,991.00 living hourly wage of 1 adult with 3 children in the area is $53.30 how much higher is the equivalent hourly wage than the living hourly wage round to 2 decimal points
Answers
GPT-4o mini
To find the equivalent hourly wage for the full-time management position, we can start by converting the annual salary to an hourly wage. Assuming a full-time schedule of 40 hours per week and 52 weeks in a year, the calculation is as follows:
1. Calculate the total number of hours worked in a year:
\[
40 \text{ hours/week} \times 52 \text{ weeks/year} = 2080 \text{ hours/year}
\]
2. Calculate the equivalent hourly wage:
\[
\frac{121,991.00 \text{ dollars/year}}{2080 \text{ hours/year}} \approx 58.69 \text{ dollars/hour}
\]
3. Now, we can find out how much higher this equivalent hourly wage is than the living hourly wage of $53.30:
\[
58.69 \text{ dollars/hour} - 53.30 \text{ dollars/hour} = 5.39 \text{ dollars/hour}
\]
Thus, the equivalent hourly wage for full-time management is **$5.39** higher than the living hourly wage, rounded to two decimal points.
1. Calculate the total number of hours worked in a year:
\[
40 \text{ hours/week} \times 52 \text{ weeks/year} = 2080 \text{ hours/year}
\]
2. Calculate the equivalent hourly wage:
\[
\frac{121,991.00 \text{ dollars/year}}{2080 \text{ hours/year}} \approx 58.69 \text{ dollars/hour}
\]
3. Now, we can find out how much higher this equivalent hourly wage is than the living hourly wage of $53.30:
\[
58.69 \text{ dollars/hour} - 53.30 \text{ dollars/hour} = 5.39 \text{ dollars/hour}
\]
Thus, the equivalent hourly wage for full-time management is **$5.39** higher than the living hourly wage, rounded to two decimal points.