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- Bob works on 5 8-hour contract jobs over one week:
- Monday 8 hours at $20 p/h,
- Tuesday 8 hours at $20 p/h,
- Wednesday 8 hours at $15 p/h,
- Thursday 8 hours at $10 p/h and
- Friday 8 hours at $15 p/h.
- His average contract hourly rate is $16 p/h.
- He requires $1.70 p/h to achieve the current minimum wage (when minimum wage is of $17.70).
- The topup cost for Bob on each job is calculated as follows:
- Monday
- Base cost = 8 x 20 = $160
- Topup = 8 x (17.7 - 20) = -$18.40
- Tuesday
- Base cost = 8 x 20 = $160
- Topup = 8 x (17.7 - 20) = -$18.40
- Wednesday
- Base cost = 8 x 15 = $120
- Topup = 8 x (17.7 - 15) = $21.60
- Thursday
- Base cost = 8 x 10 = $80
- Topup = 8 x (17.7 - 10) = $61.60
- Friday
- Base cost = 8 x 15 = $120
- Topup = 8 x (17.7 - 15) = $21.60
- Monday
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