Your company has recently won a bid for a building contract. Your company has promised the client that the project will be finished in one month. Because of the short deadline, mandatory overtime is initiated company wide. If you make $16.00 an hour and a normal work week is 40 hours per week, determine your gross pay for the month you will be working on the project given that you are required to work 50 hours a week, and you earn time and a half for overtime. a. $3,200.00 c. $3,562.00 b. $3,520.00 d. $3,600.00
Accepted Solution
A:
You work 50 -40 = 10 extra hours per week but get paid for 1.5 times that, or 15 extra hours. In all, you're paid for 40 +15 = 55 hours per week. .. (55 h/wk)*(4 wk/mo)*($16/h) = $3520/mo
Your gross pay for the month (4 weeks) will be $3,520.