Question

Lai Xiaodong, a 22-year-old college-educated man, accepted a job at Foxconn Technology (where the iPad was being produced for Apple) in Chengdu, China, for $22 a day at 12 hours a day, 6 days a week. What were Lai’s hourly, weekly, and annual gross pay?

Answer 1

Answer:

$1.83 per hour

$132 per week

$6,864 per year

Explanation:

Hourly Pay rate is the rate of pay someone receives measured on hourly basis.

Hourly rate = Daily rate / number of hours = $22 / 12 hours = $1.83 per hour

Weekly Pay rate is the rate of pay someone receives measured on Weekly basis.

Weekly rate = Daily rate x Number of working days in a week = $22 x 6 = $132 per week

Annual Pay rate is the rate of pay someone receives measured on Annual basis.

Annual rate = Daily rate x days in the week x week in the year = $22 x 6 days x 52 weeks = $6,864