To determine which company pays a higher hourly rate, we can calculate the hourly rates for both Company A and Company B based on their provided pay and hours of work.
For Company A:
- For 40 hours:
Pay: $1,020
Hourly Rate = Total Pay / Total Hours = $1,020 / 40 = $25.50/hour
For Company B:
- For 35 hours:
Pay: $997.50
Hourly Rate = Total Pay / Total Hours = $997.50 / 35 = $28.50/hour
Now, let's compare the hourly rates:
- Company A: $25.50/hour
- Company B: $28.50/hour
Based on these calculations, Company B has the higher hourly rate of $28.50/hour.
Therefore the correct answer is:
Company B has the best hourly rate of $28.50/hour.