From science to arts, IDNLearn.com has the answers to all your questions. Discover in-depth and trustworthy answers to all your questions from our experienced community members.
Sagot :
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.
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! For clear and precise answers, choose IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.