Respuesta :
Given:
- The table of typical hours worked by employees at a company
- salaried employee makes $78,000 per year
- hourly employees get $26 per hour and $39 per hour when they work more than 40 hours.
To Find: Which payment option to recommend to a new employee.
Solution: I would recommend being a salaried employee.
Explanation:
We begin by calculating the typical number of hours worked per week.
Adding up the hours from the table, we have [tex]0+8+8.5+9.5+10+8+3=47[/tex].
The payment for an hourly employee must be calculated as $26 per hour for working till 40 hours, and $39 per hour when they work more than 40 hours.
So, the payment for 47 hours of work per week will be [tex](26)(40) + (39)(7) = 1313[/tex] dollars.
As there are 52 weeks in a year, the yearly payment for an hourly emplyee would be [tex](1313)(52) = 68276[/tex]. That is, an hourly employee would earn $68276.
On the other hand, we are given that a salaried employee makes $78000 per year which is more money than what an hourly employee makes for the same amount of work.
Therefore, I would recommend a new emplyee to be paid a salary rather than work on an hourly basis.
The recommended method of pay must be salaried because, salaried employee will get more money than hourly paid employee per week.
Further explanation:
Given:
The salary of an employee is [tex]\$\ 78,000[/tex].
The hourly employee get paid is [tex]\$26\text{ /hour}[/tex] and after [tex]40[/tex] hour the employee get [tex]\$39\text{ /hour}[/tex].
Calculation:
The number of week in a year is [tex]52[/tex].
Therefore the salary of the employee per week can be obtained as follows:
[tex]\begin{aligned}\text{Salary per week}&=\dfrac{78000}{52}\\&=15000\end{aligned}[/tex]
The salary of the employ per week is [tex]\bf \$\ 1,500[/tex].
The number of hours worked by the hourly paid employee in the week is [tex]47\text{ hours}[/tex] since the sum of all the hours of the week is [tex]47[/tex].
The hourly paid employee works extra [tex]7\text{ hours}[/tex] per week.
The amount earned by hourly paid employee can be obtained as follows:
[tex]\begin{aligned}\text{Amount earned}&=(26\cdot 40)+(7\cdot 39)\\&=1040+273\\&=1313\end{aligned}[/tex]
Therefore, the dollars earned by the hourly paid employ per week is [tex]\$\1,313[/tex]
Since, the salaried employee make more money than and hourly paid employee per week.
Therefore, the highly recommended method of pay for new employee must be salaried.
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Answer details:
Grade: High school
Subject: Mathematics
Chapter: Linear Equation
Keywords: Employee, $26, hourly, 40 hours, $78,000, Salaried, per year, hours, payment ,working hours, hourly, hourly paid employee, more money.
