Question

You work 35 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. $18.50/hour
B. $32,000 a year
C. $17.50/hour & a $1,500 bonus at end of year
D. $30,000 a year w/ 5% bonus

Answer 1

Option A with an hourly rate of $18.50 will result in the highest earnings with an annual income of $34,580.

Step-by-step explanation:

To determine which option will result in the highest earnings, we need to calculate the annual income for each scenario.

1. Option A: $18.50/hour
   Annual Income = $18.50/hour x 35 hours/week x 52 weeks = $34,580
2. Option B: $32,000 a year
   Annual Income = $32,000
3. Option C: $17.50/hour & a $1,500 bonus at end of year
   Annual Income = ($17.50/hour x 35 hours/week x 52 weeks) + $1,500 = $32,180
4. Option D: $30,000 a year w/ 5% bonus
   Annual Income = $30,000 + ($30,000 x 5% bonus) = $31,500

Based on the calculations, Option A will result in the highest earnings with an annual income of $34,580.

Answer 2

18.5 dollars an hour