Diane is a salaried, nonexempt worker with a 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

Diane's overtime pay rate is 1.5 times her regular hourly rate. She earned $148.24 for 5 hours of overtime, so her regular hourly rate is $148.24 / 7.5 = $19.77. Her weekly salary for 40 hours is $19.77 * 40 = $790.80. Her annual salary is $790.80 * 52 = $41,112.

Diane Is a Salaried, Nonexempt Worker with a Standard Workweek