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
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.