Question

You work 35 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

$18.50/hour
$18.50/hour

$30,000/year with a 5% bonus
$30,000/year with a 5% bonus

$17.50/hour and a $1,500 bonus at the end of the year

Answer 1

You work 35 × 52 = 1,820 hours per year.

Calculate each option:
- $32,000/year → $32,000
- $18.50/hour → 1,820 × $18.50 = $33,670
- $30,000/year with 5% bonus → $30,000 + $1,500 = $31,500
- $17.50/hour + $1,500 bonus → 1,820 × $17.50 = $31,850; + $1,500 = $33,350

You earn the most with $18.50/hour (annual pay $33,670).