alan works for a printing company. it has been a little over four years since he was hired. he now makes…

alan works for a printing company. it has been a little over four years since he was hired. he now makes $54,080 per year. when he was hired, he was told that he had five days of paid vacation time. for each year that he worked at the company, he would gain another two days of paid vacation time to a maximum of 20 days. how many paid vacation days does he now get at the end of four years of employment and how much will he make during the time he is on vacation? $2704 $208 $2000 $1500

alan works for a printing company. it has been a little over four years since he was hired. he now makes $54,080 per year. when he was hired, he was told that he had five days of paid vacation time. for each year that he worked at the company, he would gain another two days of paid vacation time to a maximum of 20 days. how many paid vacation days does he now get at the end of four years of employment and how much will he make during the time he is on vacation? $2704 $208 $2000 $1500

Answer

Explanation:

Step1: Calculate total vacation days

Initial 5 days + (4 years * 2 days/year) = 5 + 8 = 13 days. Since 13 < 20, he has 13 paid - vacation days.

Step2: Calculate daily salary

Annual salary is $54080. There are 365 days in a year. Daily salary = $\frac{54080}{365}=148.1644$ (approx).

Step3: Calculate vacation earnings

Earnings during vacation = 13 days * $\frac{54080}{365}$ = 13 * 148.1644 = 1926.1372 (approx). But if we assume a non - leap year and work - day based calculation (assuming 260 workdays in a year for simplicity, a common business assumption), daily salary = $\frac{54080}{260}=208$, and earnings during 13 vacation days = 13 * 208 = 2704.

Answer:

$2704$