Question

Assume that John Smith is a salesperson employed by McCrackin Company. Smith’s regular rate of pay is $36 per hour, and any hours worked in excess of 40 hours per week are paid at 1½ times the regular rate. Smith worked 42 hours for the week ended October 27. What are his total earnings for the week?
A. $2,268
B. $1,548
C. $1,512
D. None of these choices are correct.

Answer 1

Answer:

=$ 1,548.00

Explanation:

Smith's regular pay $36 for the first 40 hours.

Beyond 40 hours rate is 1.5

Worked hours 42 hours

Calculating pay for the first 40 hours;

=$36x40 hours=1,440.00

Calculating pay for extra hours

=(worked hours-regular hour)x(36x1.5)

=(42-40)x54

=2x54

=$108

Total earnings = $ 1,440.00 +$108

   =$ 1,548.00