Real-Life Math
You are a forensic psychologist with a private practice in a large
city. Your expertise lies in understanding the human mind as it relates to
criminal matters.
Up until one month ago, you worked for a psychiatric
hospital. You treated criminals who had been declared mentally unfit. You
tested them when they were first admitted, provided treatment and then regularly
re-tested them to see if they were ready to leave the hospital.
In
addition, you were frequently called upon to testify at parole hearings. After
examining a prisoner, you would state whether they should be released from
prison on parole.
Six months ago, you decided to quit working at the
hospital and go into private practice. You did so because you wanted to work
on a greater variety of cases. Today it is officially a month since you launched
your solo practice.
Judging from the number of assignments you've
had during the first month, you made the right decision. Now, a number of
individuals and organizations seek out your expertise, including lawyers,
prosecutors, courts and prison administrators.
While you enjoy the
greater variety of cases, there are some features of being self-employed that
you could do without. Now that you're in private practice, you're
also in charge of all the paperwork that comes with running a business, such
as billing clients. Sometimes it can be a little overwhelming.
It's
Friday evening -- time to write up the monthly invoices. It's been a
busy 4 weeks. In addition to administering 12 intelligence tests, you spent
20 hours helping a prosecutor prepare for trial, and another 10 hours in court
testifying in 2 child custody cases. In addition, you examined a prisoner
who will be coming up for parole soon.
Before figuring out what each
client owes, you want to figure out what your total earnings were for the
month. Normally, you charge $80 per hour. However, you charge $50 per hour
when testifying in court, and a flat rate of $350 for an IQ test.
What
are your total earnings for the month?