Pay Per Workday Calculation for a Librarian

What is the librarian's pay per workday?

A librarian has weekends off and has 10 paid vacation days per year, including holidays that fall on weekdays. If his salary is $32,500 per year, what is his pay per workday?

A) $130

B) $365

C) $125

D) $355

Answer:

The librarian's pay per workday, calculated by dividing the annual salary by the total workdays after subtracting weekends and vacation days, is closest to $130 (A).

To find the librarian's pay per workday, we need to calculate the total number of workdays in a year and then divide the annual salary by that number. First, we'll start with a full year, which has 365 days. From this, we subtract the weekends. There are 52 weeks in a year, so that's 104 weekend days (52 Saturdays and 52 Sundays). Then, we subtract the 10 vacation days the librarian has off.

Total Workdays:

Total Workdays = 365 days - 104 weekend days - 10 vacation days

Total Workdays = 365 - 104 - 10

Total Workdays = 251 days

Now, we divide the annual salary by the total workdays to get the pay per workday:

Pay Per Workday:

Pay Per Workday = $32,500 / 251

Pay Per Workday = $129.48

The closest answer to $129.48 is $130, which is option A.

← Morningstar s rating of 1208 company stocks analyzing a sample of 40 stocks How to calculate book value of an asset over time →