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: What were Jim's total earnings this week?
A)$500
B)$510
C)$495
D)$515

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:  What were Jim's total earnings this week?
A)$500 
B)$510 
C)$495 
D)$515

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:  What were Jim's total earnings this week?
A)$500 
B)$510 
C)$495 
D)$515

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