Question

HELPPP Spencer works in sales, and earns a commission for every sale he makes. In 2015, he worked an average of 28 hours per week, and made a total of $49,250. Tyler has a salaried position, and earns $1700 per week, working 40 hours each week. Tyler gets 4 weeks of paid vacation every year. How much more does Tyler make per hour of work? [Round your answer to the nearest cent]

Answer 1

$12.28

Explanation:

Let's first calculate how many hours he works in a year and then compare it to Spencer's earnings.

Tyler works 40 hours per week, and there are 52 weeks in a year (assuming no additional unpaid leave). So, Tyler works:

40 hours/week * 52 weeks/year = 2,080 hours/year

Tyler also gets 4 weeks of paid vacation, which means he's paid for those weeks even though he doesn't work. So, let's subtract his vacation time from his total hours to find out how many hours he's actually working:

2,080 hours/year - 4 weeks * 40 hours/week = 2,080 hours/year - 160 hours/year = 1,920 hours/year

Now, let's calculate Tyler's annual earnings:

$1,700/week * 52 weeks/year = $88,400/year

Now, let's find out how much Tyler makes per hour of work:

$88,400/year / 1,920 hours/year ≈ $46.08/hour (rounded to the nearest cent)

Now, let's compare Tyler's hourly rate to Spencer's:

Spencer earned $49,250 in a year and worked an average of 28 hours per week, so he worked:

28 hours/week * 52 weeks/year = 1,456 hours/year

Now, let's calculate Spencer's hourly rate:

$49,250/year / 1,456 hours/year ≈ $33.80/hour (rounded to the nearest cent)

Now, let's find out how much more Tyler makes per hour of work compared to Spencer:

$46.08/hour - $33.80/hour ≈ $12.28/hour

So, Tyler makes approximately $12.28 more per hour of work compared to Spencer.