Question

Employee Supervision Math Quiz QUESTION 5 of 10: You are the manager of six employees, each making $500 per week. Unfortunately, your boss has told you that you must reduce your payroll by $26,000 for next year. How many jobs do you need to cut? (Assume employees are paid 52 weeks per year.) ​

Answer 1

To meet the required payroll reduction of $26,000, you would need to cut one job out of the six, since each employee makes $26,000 annually (which is $500 per week for 52 weeks).

Step-by-step explanation:

To calculate the number of jobs you need to cut to reduce your payroll by $26,000 for the next year with each employee making $500 per week, you first need to determine the annual salary of one employee. The annual salary per employee is $500 multiplied by 52 weeks, which equals $26,000. Now we need to divide the total payroll reduction by the annual salary of one employee:

Payroll Reduction Required = $26,000
Annual Salary Per Employee = $500 × 52 = $26,000
Number of Jobs to Cut = Payroll Reduction Required / Annual Salary Per Employee = $26,000 / $26,000 = 1

Therefore, you would need to cut one job to meet the required payroll reduction.