the table below shows the typical hours worked by employees at a company. a new employee is offered an…

the table below shows the typical hours worked by employees at a company. a new employee is offered an annual salary of $37,000. hourly employees get paid $14 per hour, but get $21 per hour for each hour over 40 hours. should the new employee choose the salaried or hourly pay? explain your reasoning.\n| sun. | mon. | tues. | wed. | thurs. | fri. | sat. |\n| 0 | 8.5 | 9.5 | 7.5 | 8 | 8.5 | 4 |

the table below shows the typical hours worked by employees at a company. a new employee is offered an annual salary of $37,000. hourly employees get paid $14 per hour, but get $21 per hour for each hour over 40 hours. should the new employee choose the salaried or hourly pay? explain your reasoning.\n| sun. | mon. | tues. | wed. | thurs. | fri. | sat. |\n| 0 | 8.5 | 9.5 | 7.5 | 8 | 8.5 | 4 |

Answer

Explanation:

Step1: Calculate total weekly hours

$0 + 8.5+9.5 + 7.5+8+8.5 + 4=46$ hours

Step2: Calculate weekly pay

For the first 40 hours, pay is $40\times14 = 560$ dollars. For the extra $46 - 40=6$ hours, pay is $6\times21 = 126$ dollars. Total weekly pay is $560+126 = 686$ dollars.

Step3: Calculate annual pay for hourly - rate

Assume 52 weeks in a year. Annual pay is $686\times52=35672$ dollars.

Answer:

The new employee should choose the salaried pay because the annual pay for hourly - rate ($35672$ dollars) is less than the annual salary of $37000$ dollars.