Lance makes $11.35 an hour and earns time and a half pay for every hour over 40. If Lance worked 47 hours this week, about how much will his paycheck be? Round to the hundredths place.

Question

Lance makes $11.35 an hour and earns time and a half pay for every hour over 40. If Lance worked 47 hours this week, about how much will his paycheck be? Round to the hundredths place.?  
A. $454  
B. $546.24  
C. $546.24  
D. $521.37

Accepted Answer

Correct Answer: (D)$521.37. 
Rationale: Lance's paycheck will be approximately $521.37.Step-by-Step Calculation:Lance works 47 hours in total. His regular hourly rate is $11.35 per hour, and he earns time and a half for hours worked over 40 hours.1. Calculate regular pay for the first 40 hours:2. Calculate the overtime pay for the remaining 7 hours:Overtime rate = 1.5 times the regular hourly rate:Now, calculate the overtime pay for 7 hours:3. Add the regular pay and overtime pay:4. Round to the hundredths place:

Lance makes $11.35 an hour and earns time and a half pay for every hour over 40. If Lance worked 47 hours this week, about how much will his paycheck be? Round to the hundredths place.

A
$454

B
$546.24

C
$546.24

D
$521.37

Lance's paycheck will be approximately $521.37.

Related Questions

Lance makes $11.35 an hour and earns time and a half pay for every hour over 40. If Lance worked 47 hours this week, about how much will his paycheck be? Round to the hundredths place.

A $454 B $546.24 C $546.24 D $521.37

Lance's paycheck will be approximately $521.37.

Related Questions

A
$454

B
$546.24

C
$546.24

D
$521.37