## Paul can choose to be paid \$50 for a job or he can be paid \$12.50 per hour Under what circumstances should he choose the hourly wage?Explain

Question

Paul can choose to be paid \$50 for a job or he can be paid \$12.50 per hour Under what circumstances should he choose the hourly wage?Explain

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2 hours 2021-09-13T10:52:48+00:00 1 Answer 0

12.50 x 4 hours = \$50

Step-by-step explanation:

It is advisable to pick the hour based form of payment because this gives room for flexibility in terms of time scheduled for the work.

Also, if the hourly based rate of \$12.50 is chosen, this means he only have to work for 4 hours to break even with \$50 ( 4hours x \$12.50 = \$50).

Hence, Paul is advised to pick the hourly based payment if he plans to work for more than 4 hours.

Nevertheless, if he plans to work for less than 4 hours, he is advised to go for \$50 payment schedule.

The reason for choosing the hourly pay is that \$12.50 paid per hour means if he works for 24 hours,the pay will be \$12.5×24=\$300…

Which means he will surely earn more by working hourly compared to working being paid \$50.

The difference between the \$50 and the hourly pay is so much that he will rather go for the highest pay.