Overview
I'm working on a mathematics question and need guidance to help me learn.
Question 1: After a lengthy interview process you have two job offers. The first offer pays an hourly wage of $20.75 per hour, with a 40-hour work week. You work for 50 weeks and get 2 weeks paid vacation. The second offer is a salaried position, offering $41,000 per year, with an opportunity for a $5,000 performance bonus.
a. Initial reaction, which offer appears better? Explain
b. Do the calculation, which job pays more, hourly or salaried? Explain.
c. Which job will you choose? Why?