Jorge earns $20 per hour. He works 40 hours per week and takes 2 weeks of paid vacation each year. How much does Jorge earn per year, assuming that he does not receive overtime pay?

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Quizplus · Accepted Answer

Jorge works 40 hours per week for 50 weeks (52 weeks in a year minus 2 weeks of vacation). Therefore, he works 40 hours/week * 50 weeks = 2000 hours per year. At $20 per hour, he earns 2000 hours * $20/hour = $40,000 per year. However, since he takes 2 weeks of paid vacation, he still earns for those 2 weeks, adding $1,600 (40 hours/week * 2 weeks * $20/hour) to his annual earnings, totaling $41,600.

Jorge Earns $20 Per Hour