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In an effort to keep low-wage workers salaries commensurate with the cost of living, a number of states have arnanded their constitutions to allow the

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In an effort to keep low-wage workers salaries commensurate with the cost of living, a number of states have arnanded their constitutions to allow the minimum wage to be adjusted with inflation. You are the accountant for a compacy that owns a chain of 16 fast food restaurants in a state waich adjusts the minimum wage for inflation. Each restaurant employs 65 workers, each aweraging 20 hours por week at the current federal minimern wago, 57,25 per hour. (a) How many hours at minimum wage are paid ouk each week by the company? hr (b) At the current rate of $7.25 per hour, what is the amount (in s) of the weeldy "minimum wage" portion of the restaurant's payroli? 5 (c) If the inflation rate this year is 0.74, caiculate the "adjusted = ninimum wage rate (in 3 per hour) to be pald next year. (Round your answer to two decimal places.) 5 per hour (d) How much in "additional wisges" will the cempany have to pay out next year at the adjusted rate (in s)? (Round your aniwer to the nearest doltan) 1) (6) Suggest some ways that the restaurant chain or other small bosinesses can offset the increase in payroll and subsequent decrease in profit as a fesuit of the minimum wage hike

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