You have just hired a new employee, Tim, to oversee the production of your new line of water bottles. Tim is a full-time employee working 40 hours a week, 52 weeks per year. Tim's hourly wage is $8.00 an hour and you would like to factor his annual base salary into your yearly expenses. What amount should you budget for, given Tim's base hourly wage?
Calculate Tim’s annual base pay by multiplying his hourly wage by his weekly hours and the number of weeks he works: $8 × 40 × 52 = $16,640. Therefore, you should budget $16,640, which is choice D.
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