alleryStart learning →Working full time at minimum wage, at 40 hours per week for 52 weeks, earns before taxes:
AJust over 15,000 dollars
BJust over 25,000 dollars
CJust over 35,000 dollars
DJust over 45,000 dollars
Answer & Solution
Correct answer: A. Just over 15,000 dollars
1. The minimum wage figure is compared with a year of college.
2. Full-time minimum wage work means 40 hours per week for 52 weeks per year.
3. That earns 15,080 dollars before taxes.
4. The College Board estimated a year at a public university cost 19,548 dollars in 2016.
5. So a full year of minimum wage work fell short of one year of college.
_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Labor Markets and Income'_
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