Peter earns $14.50 per hour for straight time (40 hours),and the company pays him time-and-a-half for overtime.He worked 46 hours at his job during the first week of March 2018.What was Peter's gross pay for the week?
A) $667.00
B) $671.50
C) $710.50
D) $1000.50

Question

Quizplus · Accepted Answer

Peter's gross pay for the week can be calculated as follows:

Hourly rate for straight time = $14.50
Number of hours worked for straight time = 40
Total straight time pay = Hourly rate x Number of hours worked = $14.50 x 40 = $580

For overtime:
Hourly rate for overtime = $14.50 x 1.5 = $21.75
Number of overtime hours = 46 - 40 = 6
Total overtime pay = Hourly rate x Number of hours worked = $21.75 x 6 = $130.50

Gross pay for the week = Total straight time pay + Total overtime pay = $580 + $130.50 = $710.50

Therefore, the best choice is C, $710.50.

Peter Earns $14