Diane is a salaried,nonexempt worker with standard workweek of 40 hours.During the last weekly pay period,she earned $148.24 in overtime pay for 5 hours overtime.What is her annual salary? (Do not round intermediate calculations.Round final answer to the nearest whole dollar. )
A) $42,500
B) $41,112
C) $44,950
D) $48,720

Question

Quizplus · Accepted Answer

To calculate Diane's annual salary, we need to first find her hourly rate.

Since Diane is a salaried, nonexempt worker with a standard workweek of 40 hours, we can assume that her annual salary is based on a 40-hour workweek.

Let x be her hourly rate.

Then, her regular weekly earnings would be: 
40 hours x hourly rate

Since we know that Diane earned $148.24 in overtime pay for 5 hours of overtime, we can set up the following equation:

5x x 1.5 (overtime rate) = $148.24

Simplifying this equation, we get:

7.5x = $148.24

x = $19.76 (rounded to two decimal places)

Now that we know her hourly rate, we can calculate her annual salary:

$19.76 x 40 hours per week x 52 weeks per year = $41,112

Therefore, the best choice is B.

Diane Is a Salaried,nonexempt Worker with Standard Workweek of 40