To determine which company pays a higher hourly rate, we need to calculate the hourly rate for each company's pay structure.
Company A:
-
5.5 hours:
Pay = $140.25
Hourly Rate = $140.25 / 5.5 = $25.50/hour -
22.0 hours:
Pay = $561.00
Hourly Rate = $561.00 / 22.0 = $25.50/hour -
35.0 hours:
Pay = $892.50
Hourly Rate = $892.50 / 35.0 = $25.50/hour -
40.0 hours:
Pay = $1,020.00
Hourly Rate = $1,020.00 / 40.0 = $25.50/hour
Company B:
-
4.0 hours:
Pay = $114.00
Hourly Rate = $114.00 / 4.0 = $28.50/hour -
10.6 hours:
Pay = $302.10
Hourly Rate = $302.10 / 10.6 = $28.50/hour -
20.5 hours:
Pay = $584.25
Hourly Rate = $584.25 / 20.5 = $28.50/hour -
35.0 hours:
Pay = $997.50
Hourly Rate = $997.50 / 35.0 = $28.50/hour
Comparison:
- Company A pays $25.50/hour.
- Company B pays $28.50/hour.
Thus, Company B has the better hourly rate. The correct response is:
Company B has the best hourly rate of $28.50/hour.