Question

You have a choice of receiving a wage of 26,000 per year,2,640 per month, 610 per week, or15.50 per hour. Which pay choice would you take? Assume a 40-hour work week and 52 weeks of work per year.

1) $26,000 per year
2) $2,640 per month
3) $610 per week
4) $15.50 per hour

Answer 1

After calculating the annual wages for the provided payment options, the $15.50 per hour option yields the highest annual income of $32,240, making it the best choice.

Step-by-step explanation:

The question revolves around comparing different wage options to determine which one provides the highest annual income, based on a 40-hour work week and 52 weeks of work per year. Let's calculate the annual amount for each choice:

• 1) $26,000 per year is already given as an annual figure.
• 2) $2,640 per month would be $2,640 x 12 = $31,680 per year.
• 3) $610 per week would be $610 x 52 = $31,720 per year.
• 4) $15.50 per hour would be $15.50 x 40 x 52 = $32,240 per year.

By comparing these annual amounts, it is clear that the option of $15.50 per hour results in the highest yearly income of $32,240. Given the choices provided, selecting the hourly wage of $15.50 would be most beneficial.