Calculate the annual salary equivalent for a construction supervisor paid $35 per hour for a standard 40-hour work week with no overtime.
Correct Answer
C) $72,800
Annual salary is calculated as $35/hour × 40 hours/week × 52 weeks/year = $72,800. This calculation assumes no overtime pay and a standard work year.
Why This Is the Correct Answer
Option B is correct because the annual salary calculation follows the standard formula: hourly rate × hours per week × weeks per year. With $35/hour × 40 hours/week × 52 weeks/year, we get exactly $72,800. This represents the gross annual salary for a full-time employee working standard hours with no overtime compensation.
Why the Other Options Are Wrong
Option B: $70,000
$78,400 would result from using 56 weeks, which exceeds the actual number of weeks in a year
Option D: $75,600
$75,600 appears to use an incorrect multiplier, possibly 54 weeks instead of the standard 52 weeks per year
Memory Technique
Remember '2080' as the standard work hours per year - it sounds like '20-80' which you can remember as 'twenty-eighty' full-time work hours annually
Reference Hint
Florida Building Code Chapter 1 - Administrative provisions, or business law sections covering employment and wage calculations
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