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  1. For each of the professions in the left column, calculate the annual pay based on full-time, year-round employment consisting of 2,000 hours a year (40 hours per week for 50 weeks each year). Record your calculations under "Annual income" in the table. Then, find the difference between each annual wage figure and both the poverty threshold and the median household income. If the difference is a negative number, record it as such.

 

Hourly wage

Annual income

Difference between annual wage and federal poverty line

Difference between annual wage and median household income

Federal minimum wage

$7.25

 

 

 

Oregon’s minimum wage

$8.95

 

 

 

Average for all occupations

$23.87

 

 

 

Marketing managers

$51.90

 

 

 

Family-practice doctors

$82.70

 

 

 

Veterinary assistants

$11.12

 

 

 

Police officers

$26.57

 

 

 

Child-care workers

$9.38

 

 

 

Restaurant cooks

$10.59

 

 

 

Air-traffic controllers

$58.91

 

 

 

Data source: U.S. Bureau of Labor Statistics (2013)

 Oct 7, 2019
 #1
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+3

Annual income will be the $/hr value given in clolumn 1     x 2000/hr

 

 

Then you will need the poverty line value and median household income value for comparisons....

 

Example: First one   $7.25/hr x 2000 hr = $14,500.00 annual income .  

 Oct 7, 2019

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