To determine which situation will result in the highest earnings, we need to calculate the total income for each scenario.
1. Hourly wage without bonus:
Hourly rate: $17.00
Weekly income: $17.00 × 40 = $680
Annual income: $680 × 52 = $35,360
2. Salary without bonus:
Annual salary: $32,000
3. Salary with a 10% bonus:
Annual salary: $32,000
Bonus amount: $32,000 × 0.10 = $3,200
Total income: $32,000 + $3,200 = $35,200
4. Hourly wage with a $1,000 bonus:
Hourly rate: $17.00
Weekly income: $17.00 × 40 = $680
Annual income: $680 × 52 = $35,360
Bonus amount: $1,000
Total income: $35,360 + $1,000 = $36,360
Comparing the total income from each scenario, we can see that option 4, $17.00/hour with a $1,000 bonus at the end of the year, will result in the highest earnings of $36,360.
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
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