Question

Convert a salary of $50,000/year to dollars per hour, assuming that the worker works fifty 40-hour weeks.

Answer 1

`\fbox{\begin{minipage}{15em}approximately 24.04 dollar/hour\end{minipage}}`

Explanation:

Given:

A salary of 50,000$/year

Assuming that the worker works 40 hours per week

Solve for:

Salary per hour

Solution:

Step 1: Select the procedure

Calculate the number of working hours per year.

Then convert the salary/year to salary/hour.

Step 2: Perform the calculation

One year has approximately 52 weeks (365 = 52 x 7 + 1, 366 = 52 x 7 + 2).

To avoid the unnecessary complicated calculation, we assume one year has 52 weeks. Each week, the worker works 40 hours.

=> The working hours of this worker in one year:

H = 40 x 52 = 2080 (hour)

=> The salary per hour of this worker:

S = salary/hour = 50000/2080 = ~24.04 (dollar/hour)

Hope this helps!

:)