6
QuizMultiple Choice

Personal Finances

Question 6 • LVA - Mathematical Modeling - Spring

You are starting a new job in sales for the company Buy ‘n Large. Your hourly wage is $10.00 per hour and you get time and a half for anything over 40 hours. Based on a 5-day work week, 8-hour day, and 52 week year, determine your annual gross base salary.

Answer
A
$21,650
B
$18,798
C
$20,800
D
$19,980

Explanation

A 5-day week with 8 hours each day is 40 hours per week. At $10 per hour, weekly gross pay is 40 × $10 = $400; over 52 weeks, annual gross base salary is $400 × 52 = $20,800. No overtime applies because the schedule is exactly 40 hours per week, so the correct choice is $20,800.

AI-written and checked against the verified answer.

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