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Job a pays $9.95 per hour, 40 hours per week. job b pays $17,500 per y. which job pays better? responses they pay the same. they pay the same. job b job b job a

User Ben Bieler
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Final answer:

Comparing Job A with an hourly rate of $9.95 and Job B with an annual salary of $17,500, Job A pays better with an annual income of $20,664. Higher education often leads to higher earning potential, as seen with the example of a financial consultant position paying $43,000 annually.

Step-by-step explanation:

Comparing Annual Salaries

To determine which job pays better, we calculate the annual salary for each job. Job A pays $9.95 per hour, and assuming this job is full-time at 40 hours per week and there are 52 weeks per year, the annual salary for Job A can be calculated as follows:

Annual Salary for Job A = $9.95/hour × 40 hours/week × 52 weeks/year = $20,664

Job B offers an annual salary of $17,500. Comparing the two, Job A provides a higher annual income than Job B.

Learning Extension - More Choices

Lana, a senior high school student exploring the job market, found several jobs with different education requirements and compensation:

  • A Burger Queen crew member job pays $5.50 per hour.
  • A Wall's Mart cleaning crew, requiring a high school diploma, pays $8.20 per hour.
  • A Financial consultant role, requiring a college degree, offers a $43,000 annual salary.

Working full-time, the Burger Queen job would yield an annual salary of $5.50/hour × 40 hours/week × 52 weeks/year = $11,440. The Wall's Mart cleaning crew job would yield $8.20/hour × 40 hours/week × 52 weeks/year = $17,056. Comparatively, the Financial consultant role pays significantly more but requires a college degree, showcasing the relationship between education requirements and earning potential.

User Dpst
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