Question

You work 40 hours/week for 50 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most?
(1 point)
Responses

$30,000/year
$30,000/year

$15.00/hour
$15.00/hour

$30,000/year with a 10% bonus
$30,000/year with a 10% bonus

$15.00/hour and a $2,000 bonus at the end of the year

Answer 1

Calculate yearly pay for each:

- $30,000/year = $30,000
- $15/hour → 40*50 = 2,000 hours → 2,000*$15 = $30,000
- $30,000 + 10% bonus = $30,000 + $3,000 = $33,000
- $15/hour + $2,000 bonus = $30,000 + $2,000 = $32,000

Best: $30,000/year with a 10% bonus ($33,000).