Under a modified wage plan, Jim Phillips works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was a follows: What were Jim's total earnings this week?
A)$500
B)$510
C)$495
D)$515

Question

Under a modified wage plan, Jim Phillips works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was a follows:  What were Jim's total earnings this week?
A)$500 
B)$510 
C)$495 
D)$515

Quizplus · Accepted Answer

Jim's total earnings were $510 as follows:
 11eb16ac_e01f_f9e9_984d_a940de1bcd7c_TB6154_00

Under a Modified Wage Plan, Jim Phillips Works an Eight-Hour