Question

You work 40 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most?
$30,000/year
$15.00/hour
$30,000/year with a 10% bonus
$15.00/hour and a $2,000 bonus at the end of the year

Answer 1

10% of $30,000.00 is $3,000.00+$30,000.00=$33,000.00
$15.00x(40h/wx52w)=$31,200.00
$31,200.00+$2,000.00=$33,200.00

Answer 2

40 hours/week * 52 weeks = 2,080 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

I will earn the most in $15.00/hour and a $2,000 bonus at the end of the year. I will earn $33,200 per year.