Question

question 6

veronica was an hourly employee at her store, but she was recently promoted and made a salaried employee. her new salary is $54,000 per year, and she is expected to work for 50 hours per week.

assuming she works every week of the year, how much does she earn per hour?

$23.46
$24.15
$20.77
$21.60

Explanation:

Calculate total annual hours worked

Using the Unit Conversion knowledge point

$$ \text{Total Hours} = 50 \text{ hours/week} \times 52 \text{ weeks/year} = 2600 \text{ hours/year} $$

Calculate the equivalent hourly wage

Using the Financial Word Problems knowledge point

$$ \text{Hourly Rate} = \frac{\$54,000}{2600 \text{ hours}} \approx \$20.7692 $$

Round to the nearest cent

Using the Financial Word Problems knowledge point

$$ \text{Hourly Rate} \approx \$20.77 $$

Answer:

• (A) $23.46
• (B) $24.15
• (C) $20.77 (Correct answer)
• (D) $21.60