Calculation of new minimum wage of 30000

To calculate the new minimum wage of $30,000, we need to consider the following factors:

1. Current minimum wage: The current minimum wage in the United States is $7.25 per hour.
2. Number of hours worked per week: Assuming a standard full-time schedule of 40 hours per week.
3. Number of weeks worked per year: Assuming 52 weeks per year.

Here's the calculation:

1. Current minimum wage: $7.25 per hour
2. Number of hours worked per week: 40 hours
3. Number of weeks worked per year: 52 weeks

Current annual minimum wage: $7.25 per hour x 40 hours per week x 52 weeks per year = $15,080 per year

To calculate the new minimum wage of $30,000, we need to increase the current annual minimum wage by:

$30,000 - $15,080 = $14,920

To achieve this increase, we can calculate the new hourly wage as follows:

New hourly wage: $30,000 per year ÷ 2,080 hours per year (40 hours per week x 52 weeks per year) = $14.42 per hour

Therefore, the new minimum wage would be $14.42 per hour.