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Which of these jobs is the best assuming all benefits are the same? Choose the one that pays the most annually.

a. Your job pays you $2350.00 semi-monthly
b. Your job pays you $2115.00 bi-weekly
c. Your job pays you $4650.00 monthly
d. Your job pays you $4700.00 monthly

1 Answer

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Final answer:

Options a ($2350 semi-monthly) and d ($4700 monthly) both pay the same highest annual amount of $56,400. Given that all benefits are the same, although both a and d are the best options, option d may be considered the best due to its simpler monthly payment schedule.

Step-by-step explanation:

To determine which job pays the most annually, consider the payment frequency and calculate the annual pay for each option:

  • a. $2350 semi-monthly means $2350 × 24 = $56,400 per year.
  • b. $2115 bi-weekly means $2115 × 26 = $54,990 per year.
  • c. $4650 monthly means $4650 × 12 = $55,800 per year.
  • d. $4700 monthly means $4700 × 12 = $56,400 per year.

Assuming all benefits are the same, options a and d both provide the highest annual pay of $56,400. Therefore, you can choose between option a ($2350 semi-monthly) or option d ($4700 monthly) as they pay the same annual amount. However, since you are looking for the single best option and d offers a simpler monthly payment schedule, option d can be considered the best.

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