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

First, let's calculate the total number of hours worked:
Regular hours = 40
Overtime hours = 47 - 40 = 7

Using the quarter-hour method:
Regular pay = 40 x $10.50 = $420.00
Overtime pay = 7 x ($10.50 x 1.5) = $110.25
Total gross pay = $420.00 + $110.25 = $530.25

Using the hundredth hour method:
Regular pay = 40 x $10.50 = $420.00
Overtime pay = 7 x ($10.50 x 1.5) = $110.25
Total gross pay = $420.00 + $110.24 = $530.24

Therefore, the best choice is B, as it provides the closest answer to both methods.

Alan Is an Hourly Worker Who Earns $10