Give the step-by-step reasoning process and then the final answer. Bob gets rent assistance because he's low-income. If he gets a raise of $0.50/hour and works 40 hours a week, how much more will he actually earn a week if his housing benefit is reduced by $60/month?
First find the total increase in Bob's earnings: $0.50 / hour * 40 hours / week = $20 / week. Then find the weekly decrease in Bob's housing assistance: $60 / month / 4 weeks / month = $15 / week. Then subtract the lost assistance from the increased wages to find Bob's net increase in money: $20 / week - $15 / week = $5 / week.
The final answer: 5.