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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

Respuesta :

sqdancefan
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.
anthougo

The gross pay you earn for the month for the building project is b. $3,520.00.

What is overtime pay?

According to the Fair Labor Standards Act (FLSA), overtime pay must be paid to employees who work hours in excess of 40 hours in any workweek.

The usual rate of overtime pay is at least one and one-half times their regular pay rates.

Data and Calculations:

Normal hourly rate = $16

Normal work week = 40 hours

Number of hours worked = 50 hours

Normal earnings per month = $2,560 ($16 x 40 x 4)

Overtime earnings per month = $960 ($16 x 1.5 x 10 x 4)

Total earnings for the month = $3,520 ($2,560 + $960)

Thus, the gross pay you earn for the month for the building project is b. $3,520.00.

Learn more about earning time and half overtime at https://brainly.com/question/1933707

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