I will earn the most salary in $15.00/hour and a $2,000 bonus at the end of the year so overall I will earn $33,200 per year.
First of all the complete question is You work 40 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary and in which situation you will earn the most?
option a) $30,000/year
option b) $15.00/hour
option c) $30,000/year with a 10% bonus
option d) $15.00/hour and a $2,000 bonus at the end of the year
40 hours/week × [tex]52[/tex] weeks = [tex]2,080[/tex] hours a year.
$30,000/year
$15.00/hour × 2,080 hours = $31,200/year
$30,000/year w/ a 10% bonus = 30,000 × 1.10 = $33,000/year
$15.00/hour and a $2,000 bonus at the end of the year = (15 × 2,080) + 2,000 = $31,200 + $2,000 = $33,200/year
Thus, one can earn the most while working $15.00/hour and a $2,000 bonus at the end of the year.
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