(5 pts) You have a choice of receiving a wage of $34,000/year, $2840/month, $675/week, or $16.50/hr. Which option would give you the greatest annual income? (Assume a 40-hour work week and 52 weeks of work per year.

To determine which wage option gives the greatest annual income, we'll calculate the annual income for each option:

### 1. **$34,000/year**:
This is already the annual income, so no further calculation is needed.
- **Annual Income**: $34,000

### 2. **$2,840/month**:
To find the annual income, multiply the monthly wage by the number of months in a year (12):
\[
\text{Annual Income} = 2,840 \times 12 = 34,080
\]
- **Annual Income**: $34,080

### 3. **$675/week**:
To find the annual income, multiply the weekly wage by the number of weeks in a year (52):
\[
\text{Annual Income} = 675 \times 52 = 35,100
\]
- **Annual Income**: $35,100

### 4. **$16.50/hour**:
Assuming a 40-hour work week and 52 weeks in a year, first calculate the weekly income:
\[
\text{Weekly Income} = 16.50 \times 40 = 660
\]
Now, multiply the weekly income by the number of weeks in a year (52) to get the annual income:
\[
\text{Annual Income} = 660 \times 52 = 34,320
\]
- **Annual Income**: $34,320

### Comparison of Annual Incomes:
- $34,000/year
- $34,080/year
- $35,100/year
- $34,320/year

The greatest annual income is **$35,100/year** from the weekly wage of **$675/week**.

Would you like more details or have any questions? Here are some related questions:

1. How would changes in the number of work hours per week affect the annual income for the hourly wage option?
2. How does the concept of overtime impact hourly wages?
3. What is the effective hourly rate for each of the other options?
4. How does inflation affect the purchasing power of these wage options over time?
5. How can one calculate the effective monthly income from an annual salary?

**Tip:** When comparing different wage options, always convert them to a common time period (like annual income) to make an accurate comparison.

Compare and calculate the annual income from wage options including $34,000/year, $2,840/month, $675/week, and $16.50/hour. Understand how different time periods affect income calculation. Suitable for anyone looking to maximize their earnings based on various wage structures.

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