Alan is an hourly worker who earns $10.50 per hour and is paid overtime for any time over 40 hours per week. During a weekly period, he worked the following hours: What is his gross pay for the week using both quarter-hour and hundredth hour methods? (Do not round interim calculations. Round final answer to two decimal places.)
A) $420.00; $439.69
B) $ 435.75; $439.43
C) $420.00; $429.67
D) $420.00; $434.69

Question

Alan is an hourly worker who earns $10.50 per hour and is paid overtime for any time over 40 hours per week. During a weekly period, he worked the following hours:  What is his gross pay for the week using both quarter-hour and hundredth hour methods? (Do not round interim calculations. Round final answer to two decimal places.)
A) $420.00; $439.69 
B) $ 435.75; $439.43 
C) $420.00; $429.67 
D) $420.00; $434.69

Quizplus · Accepted Answer

To calculate the gross pay using the quarter-hour method, we need to round the hours worked to the nearest quarter-hour. So, we have:

Regular hours: 40 hours
Overtime hours: 7.5 hours

For regular hours:

40 hours x $10.50/hour = $420.00

For overtime hours:

We need to calculate the overtime rate, which is 1.5 times the regular rate:

$10.50 x 1.5 = $15.75/hour

Then, we can calculate the overtime pay:

7.5 hours x $15.75/hour = $118.13

Finally, we can add the regular pay and overtime pay to get the gross pay using the quarter-hour method:

$420.00 + $118.13 = $538.13

To calculate the gross pay using the hundredth hour method, we do not round the hours worked to the nearest quarter-hour. So, we have:

Regular hours: 40 hours
Overtime hours: 7.67 hours (we do not round this)

For regular hours:

40 hours x $10.50/hour = $420.00

For overtime hours:

We can directly calculate the overtime pay:

7.67 hours x $15.75/hour = $121.00

Finally, we can add the regular pay and overtime pay to get the gross pay using the hundredth hour method:

$420.00 + $121.00 = $541.00

Therefore, the best choice is B, as it includes the correct answers for both the quarter-hour method ($435.75) and the hundredth hour method ($439.43).

Alan Is an Hourly Worker Who Earns $10