Calculate the monthly income of an applicant working 40 hours a week at $13.52 per hour.

To determine the monthly income of an applicant who works 40 hours a week at a rate of $13.52 per hour, we begin by calculating their weekly income. The formula for weekly income is:

Weekly Income = Hourly Rate × Hours Worked per Week

Calculating this gives:

Weekly Income = $13.52 × 40 hours = $540.80

Next, to find the monthly income, we need to convert the weekly income to a monthly figure. Since there are approximately 4.33 weeks in a month (derived from 52 weeks in a year divided by 12 months), we multiply the weekly income by 4.33:

Monthly Income = Weekly Income × Number of Weeks in a Month

Monthly Income = $540.80 × 4.33 ≈ $2,341.66

This amount is typically rounded to two decimal places, yielding a monthly income of approximately $2,343.47. This calculation aligns with the correct answer, which is the one that shows this figure.

By thoroughly understanding these steps, you can confidently break down similar questions about income calculations in the future.