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To determine the most suitable payment option for a new employee based on the provided typical hours worked at the company and the given salary details, we need to compare the weekly earnings of hourly and salaried employees.
### Step 1: Calculate the Total Hours Worked in a Week
Given the hours worked each day:
- Sunday: 0 hours
- Monday: 8 hours
- Tuesday: 8 hours
- Wednesday: 9 hours
- Thursday: 9.5 hours
- Friday: 7.5 hours
- Saturday: 4 hours
Total hours worked in a week = 0 + 8 + 8 + 9 + 9.5 + 7.5 + 4 = 46 hours
### Step 2: Regular and Overtime Hours
Regular hours: The company policy states that up to 40 hours per week are regular hours. Therefore, regular hours = 40 hours.
Overtime hours: The hours worked beyond the regular hours (40 hours) are considered overtime hours.
Overtime hours = Total hours - Regular hours = 46 hours - 40 hours = 6 hours
### Step 3: Calculate Hourly Employee Pay
Hourly rate for regular hours = \[tex]$20 per hour Overtime rate = \$[/tex]30 per hour for each hour over 40 hours
Weekly earnings for hourly employees are calculated as follows:
- Regular pay = Regular hours × Hourly rate = 40 hours × \[tex]$20/hour = \$[/tex]800
- Overtime pay = Overtime hours × Overtime rate = 6 hours × \[tex]$30/hour = \$[/tex]180
Total weekly pay for hourly employees = Regular pay + Overtime pay = \[tex]$800 + \$[/tex]180 = \[tex]$980 ### Step 4: Calculate Salaried Employee Weekly Pay The salaried employee's annual salary is \$[/tex]50,000.
To find the weekly salary, we divide the annual salary by the number of weeks in a year (52 weeks).
Weekly pay for salaried employees = \[tex]$50,000 / 52 ≈ \$[/tex]961.54
### Step 5: Compare Weekly Earnings
- Hourly employee weekly earnings = \[tex]$980 - Salaried employee weekly earnings ≈ \$[/tex]961.54
Since \[tex]$980 (hourly pay) is greater than \$[/tex]961.54 (salaried pay), the hourly employees make more money per week than the salaried employees.
### Conclusion
The best payment option for a new employee, based on the given data, is:
b. Hourly pay. Hourly employees make more per week than salaried employees.
### Step 1: Calculate the Total Hours Worked in a Week
Given the hours worked each day:
- Sunday: 0 hours
- Monday: 8 hours
- Tuesday: 8 hours
- Wednesday: 9 hours
- Thursday: 9.5 hours
- Friday: 7.5 hours
- Saturday: 4 hours
Total hours worked in a week = 0 + 8 + 8 + 9 + 9.5 + 7.5 + 4 = 46 hours
### Step 2: Regular and Overtime Hours
Regular hours: The company policy states that up to 40 hours per week are regular hours. Therefore, regular hours = 40 hours.
Overtime hours: The hours worked beyond the regular hours (40 hours) are considered overtime hours.
Overtime hours = Total hours - Regular hours = 46 hours - 40 hours = 6 hours
### Step 3: Calculate Hourly Employee Pay
Hourly rate for regular hours = \[tex]$20 per hour Overtime rate = \$[/tex]30 per hour for each hour over 40 hours
Weekly earnings for hourly employees are calculated as follows:
- Regular pay = Regular hours × Hourly rate = 40 hours × \[tex]$20/hour = \$[/tex]800
- Overtime pay = Overtime hours × Overtime rate = 6 hours × \[tex]$30/hour = \$[/tex]180
Total weekly pay for hourly employees = Regular pay + Overtime pay = \[tex]$800 + \$[/tex]180 = \[tex]$980 ### Step 4: Calculate Salaried Employee Weekly Pay The salaried employee's annual salary is \$[/tex]50,000.
To find the weekly salary, we divide the annual salary by the number of weeks in a year (52 weeks).
Weekly pay for salaried employees = \[tex]$50,000 / 52 ≈ \$[/tex]961.54
### Step 5: Compare Weekly Earnings
- Hourly employee weekly earnings = \[tex]$980 - Salaried employee weekly earnings ≈ \$[/tex]961.54
Since \[tex]$980 (hourly pay) is greater than \$[/tex]961.54 (salaried pay), the hourly employees make more money per week than the salaried employees.
### Conclusion
The best payment option for a new employee, based on the given data, is:
b. Hourly pay. Hourly employees make more per week than salaried employees.
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