7
QuizMultiple Choice

Personal Finances

Question 7 • LVA - Mathematical Modeling - Spring

A deadline is approaching for a project at work and you are asked to put in more than the normal 40 hours of work for the first week of January to complete the project on time. Your hourly wage is $10.00 per hour and you get time and a half for anything over 40 hours. What was your pay for the first week of January, given that you worked 10 hours of overtime?

Answer
A
$550
B
$600
C
$650
D
$700

Explanation

The first 40 hours are paid at $10 per hour, so regular pay is 40 × $10 = $400. Overtime is paid at time and a half, or $15 per hour, so 10 overtime hours add 10 × $15 = $150. The total pay is $400 + $150 = $550, which is choice a, $550.

AI-written and checked against the verified answer.

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