Question

You work 40 hours/week for 52 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

$32,000/year
$32,000/year

$17.00/hour
$17.00/hour

$32,000/year with a 10% bonus
$32,000/year with a 10% bonus

$17.00/hour and a $1,000 bonus at the end of the year
$17.00/hour and a $1,000 bonus at the end of the year

Answer 1

Compute annual hours: 40 × 52 = 2,080 hours.

- $17/hour: 17 × 2,080 = $35,360
- $17/hour + $1,000 bonus: $35,360 + $1,000 = $36,360
- $32,000/year with 10% bonus: 32,000 × 1.10 = $35,200
- $32,000/year: $32,000

So the highest pay is: $17.00/hour and a $1,000 bonus at the end of the year.