Asked by Dustin McKee on Apr 29, 2024
Verified
Stuart's regular rate of pay is $22 per hour. He is given 1.5 times the rate of pay for days he works over 37.5 hours. Determine the amount earned during a week where he worked 42 hours.
A) $770
B) $973.5
C) $1,065
D) $1,110
E) $1,200
Regular Rate
Typically refers to the normal hourly rate paid for standard work hours to an employee, not including overtime or bonuses.
Rate of Pay
The amount of money a person is paid per unit of time, such as an hourly wage or annual salary.
- Calculate earnings based on hourly rates and overtime pay.
Verified Answer
JB
Julie BemuyalMay 01, 2024
Final Answer :
B
Explanation :
Stuart earns $22 per hour for the first 37.5 hours, totaling $825 (22 * 37.5). For the additional 4.5 hours (42 - 37.5), he earns 1.5 times his regular rate, which is $33 per hour (22 * 1.5), totaling $148.5 (33 * 4.5). Adding both amounts gives $973.5 ($825 + $148.5).
Learning Objectives
- Calculate earnings based on hourly rates and overtime pay.