Question

Jerry makes $40,000 a year working at a nearby factory. He gets two weeks paid vacation per year, plus five other paid holidays. He wants to figure out his per-diem (daily) pay, so he divides 40,000 by 365, which yields $109.59. Is this the correct answer?

Answer 1

No because 40,000 doesn't include the paid vacations and holidays. the 40,000 is likely the working salary

Answer 2

Answer:

Vacation pays are not included in salaries. Therefore, Jerry's calculation is wrong.

Step-by-step explanation:

Given is :

Jerry makes $40,000 a year working at a nearby factory.

He gets two weeks paid vacation per year, plus five other paid holidays.

So total paid holidays become = $14+5=19$ days

Subtracting 19 from 365 days and assuming that Jerry works for 365 days a year.

We get = $365-19=346$ days

So, his per day salary will be = $\frac{40000}{346}= 115.60$

Vacation pays are not included in salaries. Therefore, Jerry's calculation is wrong.