With a weekly budget of $8640 and a salary of $12/hour, how many FTEs can be hired?

To determine how many Full-Time Equivalents (FTEs) can be hired with a weekly budget of $8640 and a salary of $12 per hour, it is essential to calculate the total weekly hours that an FTE works and then see how many of those can be accommodated within the budget.

A standard full-time workweek is typically considered to be 40 hours. Therefore, the weekly salary for one FTE at a rate of $12 per hour can be calculated as follows:

Weekly salary for one FTE:

$12/hour × 40 hours/week = $480/week

Next, we find out how many FTEs can be supported with the available weekly budget of $8640:

Number of FTEs = Total Budget / Salary per FTE

Number of FTEs = $8640 / $480 = 18

This calculation reveals that you can hire 18 full-time employees given the budget constraints. Thus, the correct answer is that 18 FTEs can indeed be hired.