Business FinancesQuestion 324 of 1605
A contractor pays a worker $25 per hour for 45 hours in one week, with overtime at 1.5 times the regular rate for hours over 40. What are the gross wages for the week?
a.$1,125.00
b.$1,012.50
c.$1,687.50
d.$1,187.50
Explanation
Regular pay = 40 × $25 = $1,000. Overtime = 5 × ($25 × 1.5) = 5 × $37.50 = $187.50. Gross wages = $1,000 + $187.50 = $1,187.50.
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