Question

Sam earns an annual salary of $57,683. If he receives a paycheck each week of the year, how much does he get paid per week? If he works 40 hours per week, what is his average wage per hourbif he actaully only works 50 weeks per year?

Answer 1

Sam works 50 weeks in a year; therefore, sam's weekly earnings are

$\frac{1yr}{50\text{weeks}}\times\frac{57,683}{yr}=\frac{1153.66}{\text{week}}$

Sam earns $1153.66 per week.

If sam works 40 hours per week then his hourly wage will be

$1\frac{\text{week}}{40\text{hours}}\times\frac{1109.3}{week}=\frac{28.84}{hr}$

Sam's hourly wage is $28.84 per hour.