SOLUTION: Donivan tech offered a fulltime management position with a contract that offers a yearly salary of $50,310 and 3 weeks paid vacation. since a salaried position does not pay hourly

Question 640092: Donivan tech offered a fulltime management position with a contract that offers a yearly salary of $50,310 and 3 weeks paid vacation. since a salaried position does not pay hourly rate, sharon will not be paid for hours worked above 40 hours per week. Sharon estimates that she will work an average of 45 hours per week when she considers travel time for the 45-mile round trip communte to work, and the extra work committment required for managers. Federal and state taxes, as well as our taxable income brackers, often vary, but Sharon estimates her payroll deductions will be 17% of her gross salary. what would her gross earning be per week and hourly wage for a 45 hour work week
Answer by benni1013(206) (Show Source): You can put this solution on YOUR website!
Let's take the problem one sentence at a time. The first piece of information is very important. The salary is $50,310. The second being the number of weeks of paid vacation is irrelevant because she is getting paid a salary. The second sentence is added information saying that overtime does not apply. The third sentence includes the important information of how much to withhold from her salary. Onto the math part. Let's do the wage per week.
Since there are 52 weeks in a year, divide her salary, $50,310, by 52 to get $967.50. Her hourly wage is figured by dividing this number by 45 to get $21.50/hr.
Let's take this a step further to find the value of her efforts. To do this divide her weekly salary by 40. This results in $24.19. Subtract the two to find the value. $24.19-$21.50=$2.69 per hour.

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