Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
To determine which payment option is better, we need to compare the weekly earnings of a salaried employee with the weekly earnings of an hourly employee based on the given working hours.
### Step-by-Step Solution:
1. Total Hours Worked Per Week:
We begin by summing the hours worked each day.
[tex]\[ \text{Total Hours} = 0 + 10 + 8 + 8 + 7 + 6.5 + 4.5 = 44 \text{ hours} \][/tex]
2. Split Hours into Regular and Overtime:
- Regular hours are capped at 40 hours per week.
- Overtime hours are any hours worked beyond 40 hours.
[tex]\[ \text{Regular Hours} = \min(44, 40) = 40 \text{ hours} \][/tex]
[tex]\[ \text{Overtime Hours} = \max(44 - 40, 0) = 4 \text{ hours} \][/tex]
3. Hourly Employee Weekly Pay:
- Regular pay is calculated at \[tex]$25 per hour. - Overtime pay is calculated at \$[/tex]37.50 per hour.
[tex]\[ \text{Regular Pay} = 40 \times \$25 = \$1000 \][/tex]
[tex]\[ \text{Overtime Pay} = 4 \times \$37.50 = \$150 \][/tex]
[tex]\[ \text{Total Weekly Pay for Hourly Employee} = \$1000 + \$150 = \$1150 \][/tex]
4. Salaried Employee Weekly Pay:
- The annual salary is \[tex]$67,000. - Weekly pay is calculated by dividing the annual salary by 52 weeks. \[ \text{Weekly Pay for Salaried Employee} = \frac{\$[/tex]67000}{52} \approx \[tex]$1288.46 \] 5. Comparison of Weekly Earnings: - Hourly employee weekly pay: \$[/tex]1150
- Salaried employee weekly pay: \[tex]$1288.46 Since $[/tex]\[tex]$1288.46$[/tex] (salaried) is greater than [tex]$\$[/tex]1150$ (hourly), salaried employees make more per week than hourly employees under the given conditions.
### Conclusion:
The best option for a new employee, based on the weekly earnings comparison, is:
c. Salaried pay. Salaried employees make more per week than hourly employees.
### Step-by-Step Solution:
1. Total Hours Worked Per Week:
We begin by summing the hours worked each day.
[tex]\[ \text{Total Hours} = 0 + 10 + 8 + 8 + 7 + 6.5 + 4.5 = 44 \text{ hours} \][/tex]
2. Split Hours into Regular and Overtime:
- Regular hours are capped at 40 hours per week.
- Overtime hours are any hours worked beyond 40 hours.
[tex]\[ \text{Regular Hours} = \min(44, 40) = 40 \text{ hours} \][/tex]
[tex]\[ \text{Overtime Hours} = \max(44 - 40, 0) = 4 \text{ hours} \][/tex]
3. Hourly Employee Weekly Pay:
- Regular pay is calculated at \[tex]$25 per hour. - Overtime pay is calculated at \$[/tex]37.50 per hour.
[tex]\[ \text{Regular Pay} = 40 \times \$25 = \$1000 \][/tex]
[tex]\[ \text{Overtime Pay} = 4 \times \$37.50 = \$150 \][/tex]
[tex]\[ \text{Total Weekly Pay for Hourly Employee} = \$1000 + \$150 = \$1150 \][/tex]
4. Salaried Employee Weekly Pay:
- The annual salary is \[tex]$67,000. - Weekly pay is calculated by dividing the annual salary by 52 weeks. \[ \text{Weekly Pay for Salaried Employee} = \frac{\$[/tex]67000}{52} \approx \[tex]$1288.46 \] 5. Comparison of Weekly Earnings: - Hourly employee weekly pay: \$[/tex]1150
- Salaried employee weekly pay: \[tex]$1288.46 Since $[/tex]\[tex]$1288.46$[/tex] (salaried) is greater than [tex]$\$[/tex]1150$ (hourly), salaried employees make more per week than hourly employees under the given conditions.
### Conclusion:
The best option for a new employee, based on the weekly earnings comparison, is:
c. Salaried pay. Salaried employees make more per week than hourly employees.
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.