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Multiple Choice
An employee worked 40 regular hours at \$20 per hour and 5 overtime hours at \$30 per hour during the week. What is the employee's gross pay for the week?
A
\$1,000
B
\$850
C
\$800
D
\$950
Verified step by step guidance
1
Step 1: Identify the components of the employee's gross pay. The gross pay consists of regular pay and overtime pay.
Step 2: Calculate the regular pay by multiplying the regular hours worked (40 hours) by the hourly rate for regular hours (\$20/hour). Use the formula:
Step 3: Calculate the overtime pay by multiplying the overtime hours worked (5 hours) by the hourly rate for overtime hours (\$30/hour). Use the formula:
Step 4: Add the regular pay and overtime pay to determine the employee's gross pay for the week. Use the formula:
Step 5: Verify the calculation by ensuring the sum of regular pay and overtime pay matches the gross pay provided in the problem.