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 $30,000/year $30,000/year $15.00/hour $15.00/hour $30,000/year with a 10% bonus $30,000/year with a 10% bonus $15.00/hour and a $2,000 bonus at the end of the year
To determine which situation will earn the most, we need to calculate the total earnings in each scenario.
Option 1: $30,000/year
Total earnings = $30,000
Option 2: $15.00/hour
Total earnings = Hourly rate * Number of hours worked * Number of weeks per year
Total earnings = $15.00/hour * 40 hours/week * 52 weeks = $31,200
Option 3: $30,000/year with a 10% bonus
Total earnings = $30,000 + 10% of $30,000
Total earnings = $30,000 + $3,000 = $33,000
Option 4: $15.00/hour and a $2,000 bonus at the end of the year
Total earnings = Total earnings from hourly rate + Bonus
Total earnings = $31,200 + $2,000 = $33,200
Comparing the total earnings for each option:
Option 1: $30,000
Option 2: $31,200
Option 3: $33,000
Option 4: $33,200
Therefore, the scenario with the highest earnings is Option 4: $15.00/hour and a $2,000 bonus at the end of the year.