For people good at maths! =D Money question.?

Okay, so I have $1500 in the bank. I currently do about 10 hours of work weekly, earning $10.45 an hour. I'm also getting $160 a fortnight from the government. This all goes to my bank account. So, how much money do I get in total from today (May 6, 2007) to September-December? I'll rate you high if you can figure it out for me. XD I want to save money, and have at least $6000 around the end of the year.

Public Comments

1. To get at least $6000 you will need to continue this for about another 13 fortnights. In other words 26 weeks.
2. No of weeks from May 6 to Dec 9 = 32 So each week you earn $104.50 That amount in 31 weeks = 3,343.0 You are also getting $160 every fortnight, of which there are 16. So...160*16= $2,560 $3,340 + $2,560 = $5,900 Bearing in mind that you still have 1 and a half fortnights untill the end of the year, you will easily have more than $6,000 In fact you will have earned 5,900 + 313.5 + 160 = $6373.5 Adding in your savings ($6,000) =$12373.50 But seriously! Aren't you gonna ask for a pay rise?
3. in the periodfrom may6 to september30, there are 25+30+31+31+30=147 days=21 weeks you earn 10.45*10 dollars per week, so total earning during theperiod=10.45*10*21=2194.50dollars. during this period ,you receive from the govt=160*21/2=1680dollars sso you will have a total of=1500+2194.50+1680=5374.50 Sorry, you willnot be able to make it with the sources given.perhaps you have to put in more hours of work, if it does not affect your studies which are more important. Think of suitableoptimum alternative
4. Hey Rach, here it is: To Sept 1/07: 17weeks x $160=$2720/2 because it's a fortnight=$1360+17 x $104.50=$3136.50 To Sept 28/2007: 21 x $160= $3360/2 $1680+21 x 104.50=$3874.50 To Dec 1/07: 30 x $160/2=$2400 $2400+30 X 104.50=$5535.00 To Dec 28/07: 34 x $160/2=$2720 $2720+34 x $104.50=$6273.00 I forgot the $1500 you already have, so $6273+$1500=$7773 (Don't forget tax) You will be taxed on your work earnings, but the money from the government is already taxed at source. Assuming no holidays, and you don't spend any, you should have approximately $7773.00 (minus work income tax) by the end of December. Good luck hun.
5. let x= number of elapsed weeks balance=1500+10.45*10x+160*x/2 b=1500+104.5x+80x b=1500+184.5x so now we need to know the number of weeks until september-december. There are 19 until the beginning of spetember so lets try that out first b=1500+184.5*19 b=$5005.50 Not enough eh? Let's try the 36 weeks we have until December 30th b=1500+184.5*36 b=$8142 and that is enough. But just for added info, lets find out exactly when you'll have your goal of $6000 6000=1500+184.5w 4500=184.5w w=25 weeks so in 25 weeks, you'll have $6000. That would bring us to about October 21st.
6. From May 6 you have 20 weeks to ending September and 32 weeks to ending December. Your earnings income for 20 weeks will approximate to $2090 less approximately 23% tax withholding and will leave you with $1609.30 Your fortnight income for 20 weeks will be $1600.00 Combined with the $1500.00 you have in the bank now you will have only $4709.00 saved by the end of September. ------------------------------------------------------------------------------------ Your earnings income for 32 weeks will approximate to $3344.00 less approximately 23% tax witholding and leave you with $2574.88 Your fortnight income for 32 weeks will be $2560.00 Combined with the $1500.00 you have in the bank now you will have $6634.00 saved by the end of December. May I consider you take me out for a wonderful evening shared on New Years Eve after you reach your goal...? I wish you success in your savings...!
7. Starting point is 5/6/07. Weekly work payday is every Saturday, with 34 paydays to 12/31/07. Fortnight payday is every other Saturday, with 17 paydays to 12/31/07. I'm not sure if you meant how much money you would have on 9/1/07 and 12/1/07 or if you wanted to know how much you could earn between 9/1/07 and 12/1/07. Therefore, as of: DATE----------BANK ACCOUNT BALANCE 5/6/07..............$1,500.00 9/1/07..............$4,556.50 9/30/07............$5,294.50 12/1/07............$7,035.00 12/31/07..........$7,773.00 This is provided you didn't spend any of your earnings or savings. And you didn't gain any interest by the bank for your daily or monthly balances. So, yes you will have at least and more than $6,000.00 by the end of the year.
8. in the bank $1500 weekly work earnings gross: 10 hrs * $10.45 = 100.45 net: 100.45 * 80% = 80.36 --- take taxes into account 8 months * 4 weeks = 32 weeks 32 weeks * 10 hrs = 320 hrs $80.36 * 320 hrs = 25715.2 gov money $160 $1500 + 25715.2 + 160 = $27, 375.20