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 as follows: How much was the make-up guarantee paid to Jim this week?
A)$10
B)$5
C)$15
D)$12.50

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 as follows:  How much was the make-up guarantee paid to Jim this week?
A)$10 
B)$5 
C)$15 
D)$12.50

Quizplus · Accepted Answer

The Answer of 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 as follows:  How much was the make-up guarantee paid to Jim this week?
A)$10 
B)$5 
C)$15 
D)$12.50

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