Question

For part a, b, and c, find the hourly wage (amount paid per hour). then answer the questions in part d and e. show all steps of work for full credit in part a, b, and c. (part a, b, and c: 2 pts each, part d: 1 pt, e: 1 pt)

a. mcdonald’s at $950 biweekly (every 2 weeks) working 30 hours per week 30 x 2 = 60 hours biweekly 950/60 = $15.83 per hour
b. fantastic cuts at $500 each week for 40 hours per week
c. amc theatres at $2200 per month (32 hours per week, assume 4.25 weeks in the month)

Answer 1

To find the hourly wage, divide biweekly, weekly, or monthly earnings by the total number of hours worked in that period. The calculations show that the hourly wages are $15.83 for McDonald's, $12.50 for Fantastic Cuts, and $16.18 for AMC Theatres.

Step-by-step explanation:

Calculating the hourly wage for different scenarios allows students to understand how salaries can be standardized for comparison and decision-making purposes.

Part A:

Working at McDonald’s, earning $950 biweekly for 30 hours per week results in an hourly wage of:

• Biweekly hours: 30 hours/week x 2 weeks = 60 hours.
• Hourly wage: $950 / 60 hours = $15.83 per hour.

Part B:

Working at Fantastic Cuts, earning $500 weekly for 40 hours per week results in an hourly wage of:

• Hourly wage: $500 / 40 hours = $12.50 per hour.

Part C:

Working at AMC Theatres, earning $2200 per month for 32 hours per week, with approximately 4.25 weeks in a month, results in an hourly wage of:

• Monthly hours: 32 hours/week x 4.25 weeks = 136 hours.
• Hourly wage: $2200 / 136 hours = $16.18 per hour.

When comparing these jobs, considering factors like required educational qualifications, taxes, and benefits (like health insurance) is essential for making the best decision for one's future. For example, considering a position at Costco, which pays $20 per hour and offers health insurance can be a valuable option.