Question

Raul has been offered three different jobs and must choose which one to accept. One of the factors he is considering is the pay rate of each job. All three jobs assume the following: Raul would work 50 weeks of the year, 40 hours each week, five days each week, and he would receive a one-hour lunch break each day. Job A is offering a $35,000 annual salary, Job B is offering $15 per hour, and Job C is offering $750 each week. To better compare the pay rates, Raul must convert them so they are all measured in the same way (annually, hourly or weekly). How should Raul do this?

Answer 1

Answer:

As the pay rate for Job C is the highest, so he must accept the offer from Job C.

Step-by-step explanation:

Given that Raul would work 50 weeks of the year,

40 hours each week,

5 days each week,

and he would receive a 1-hour lunch break each day.

Pay rate for Job A = $35,000 / year

• For Job B:

Pay rate = $15 / hour

He will work 40 hours each week.

As he works 5 days a week, so in 1 day he will work 40/5 = 8 hours.

He would receive a 1-hour break each day, for which he will not be paid, so he will receive a payment for 8-1=7 hours.

So, payment for 1 day = $15 x 7 = $105

As he works 5 days a week, so payment for 1 week = $105 x 5 = $525

As he works 50 weeks a year, so payment for 1 year = $525 x 50 = $26250.

So, the pay rate by Job B = $26250 /year

• For Job C:

Pay rate = $750 / week

As he works 50 weeks a year, so payment for 1 year = $750 x 50 = $37500.

So, the pay rate by Job C = $37500 /year

As the pay rate for Job C is the highest, so he must accept the offer from Job C.