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avatar+176 
  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 10, 2019
 #1
avatar+19832 
+2

https://web2.0calc.com/questions/help-please_77248#r1

 

 

For the last two columns you will need the poverty threshold and median household income......you'll have to use what was given to you for these values or you will have to  look them up if they weren't given to you in this or another question....Sorry !   cheeky

 Oct 10, 2019
 #2
avatar+19832 
+2

I found (for 2013) that poverty line = 12119 for a single person

   and MHI = 51939      Though I do not know if these are the values they want you to use, here is an example

first line    7.25 x 2000 = annul income = 14500     14500 - 12119 = $2381 ABOVE poverty line   14500 - 51939 = 37439 BELOW MHI

   etc

     etc   

 Oct 10, 2019
 #3
avatar+176 
0

Thank you so much. I makes more sense now.

Jazminfun0128182  Oct 11, 2019

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