The answer is C. Yes, they have $495.20 more than they need.
Step-by-step explanation:
Step 1; Every month in the year has at least 4 weeks in it including February so assume the people work for at least 4 weeks a day. Every month except February has 30 or 31 days. We calculate how much they earn in a day.
Money earned in a day = Money earned in a week / 7 = (40 × $11) / 7
= $62.857
Step 2; We calculate how much a person working on minimum wage earns in a 30-day month.
Money earned in 30 days = ($62.857 × 30) = $1,885.714.
The cost of renting a space in Tucson costs $1,410 and as the people earn more than this we calculate the difference between the values.
Difference in values = $1,885.714 - $1,410 = $457.71.
Option C is the closest to the difference between the two values.
