Question

3. You just graduated high school. You've been offered a sweet job with a $30,000/yr salary.

Suddenly, another company offers you the same job for $18/hr. Assuming they have the same
benefits and are both full time, which is the better deal?
Conversion factors: full-time work is 49hr/wk, 52 wk/yr

Answer 1

The second company job of $18 /hr is the better deal

Step-by-step explanation:

We are told that;

-First job offers a salary of $30,000/yr

-Second job offers a salary of $18/hr.

Now, let's convert the salary of the second job to amount per year.

We are told that full-time work is 49hr/wk, 52 wk/yr.

Since we have 49 hrs in a week, then amount per week = 18 × 49 = $882 per week

Then amount per year = 882 × 52 = $45864 /yr

Thus, the second job pays $45864 /yr.

This is more than the first job. Thus, the second job is the better deal