PLEASE SHOW ALL WORK, SUCH AS CALCULATIONS. MAKE SURE
THE WRITING IS CLEAR AND EASY TO READ. SHOW ALL STEPS TO SOLVING
PROBLEMS LABELED WITH PROPER UNITS.
THIS IS THE ANSWER FOR 4A. (i already looked up the
information)
Ohio 2019 minimum wage : $8.55 per hour
Ohio 2020 minimum wage: $8.70 per hour
Ohio 2021 minimum wage: $8.80 per hour
Ohio 2022 minimum wage: $9.30 per hour
FOR 4B. I AM BEING ASKED TO CALCULATE THE PERCENT CHANGE FOR
MINIMUM WAGE VALUES IN PART A. SO YOU SHOULD FIND THE PERCENT
CHANGE FROM 2019 TO 2020 THEN FROM 2020 TO 2021, THEN FROM 2021 TO
2022. I HOPE THIS CLARIFIES, LET ME KNOW IF YOU HAVE ANY OTHER
QUESTIONS.
FOR PARTS F AND G PLEASE USE THE Salary stated in part E,
which is $44,710 a year, and the inflation chart below.
- Please Show All Work Such As Calculations Make Sure The Writing Is Clear And Easy To Read Show All Steps To Solving P 1 (77.97 KiB) Viewed 30 times
4. The table to the right contains the inflation rates since 2016. (25 pts) Year Inflation Rate 2016 2.07 2017 2.11 a. Look up the Ohio state minimum wage for 2019, 2020, 2021, and 2022. And cite the source you used. 2018 1.91 2019 2.29 2020 1.36 2021 7.04 2022 1.76 b. Calculate the percent change for each year (i.e. 2019 to 2020, etc.). c. Did minimum wage increase equal to the inflation rate? d. Predict what the inflation rate might be for 2023, 2024, and 2025. (You can estimate.) e. Using the starting salary for someone in the field of forensic science working as a forensic technician in Ohio, $44,710 a year. f. Give yourself a cost of living increase that is equal to the inflation rates you predicted in part d for each year - 2023, 2024, and 2025. (You should show 3 new salaries.) g. Calculate your overall percent raise for those 3 years.