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?
A. $32,000/year
B. $17.00/hour
C. $32,000/year with a 10% bonus
D. $17.00/hour and a $1,000 bonus at the end of the year
is the answer D?
d is correct
D is correct
To determine which situation will earn you the most, we need to calculate the total earnings in each scenario.
For option A, you will earn $32,000 per year.
For option B, you will earn $17.00 per hour. Since you work 40 hours per week and 52 weeks per year, your total annual earnings will be:
$17.00/hour * 40 hours/week * 52 weeks/year = $35,360.
For option C, you will earn $32,000 per year, plus a 10% bonus. To calculate the bonus, multiply $32,000 by 0.10:
$32,000 * 0.10 = $3,200.
So, your total earnings in option C will be $32,000 + $3,200 = $35,200.
For option D, you will earn $17.00 per hour and receive a $1,000 bonus at the end of the year. Your total earnings in this scenario will be the same as option B ($35,360), plus the $1,000 bonus, which totals to $36,360.
Therefore, the correct answer is D ($17.00/hour and a $1,000 bonus at the end of the year), as it will result in the highest total earnings of $36,360.