Examkin

Soru

Zorluk: OrtaWages, Salaries, and Commissions

An independent contractor installs smart home systems. He earns a base rate of $18.50\$18.50 per hour for a standard 4040-hour workweek. For any overtime hours worked beyond 4040 hours, he earns time-and-a-half. He also receives a 5%5\% commission on all equipment sales he makes. If he worked 4848 hours this week and sold $3,200\$3,200 worth of equipment, what are his total gross earnings for the week?

  1. A
    \$382.00
  2. \$1,122.00Cevap
  3. C
    \$2,562.00
  4. D
    \$4,322.00

Cevap

The total gross earnings for the week are $1,122.00\$1,122.00.
The correct answer accurately accounts for all three payment streams. The base pay for 40 hours is 40×$18.50=$740.0040 \times \$18.50 = \$740.00. The overtime pay for the 8 extra hours is calculated at time-and-a-half (18.50×1.5=$27.75/hr18.50 \times 1.5 = \$27.75/hr), which yields 8×$27.75=$222.008 \times \$27.75 = \$222.00. The 5% commission on $3,200\$3,200 in sales is 0.05×3,200=$160.000.05 \times 3,200 = \$160.00. Adding these together ($740+$222+$160\$740 + \$222 + \$160) results in $1,122.00\$1,122.00.

Adım Adım Çözüm

1
Calculate the standard base pay for 4040 hours.
40×$18.50=$740.0040 \times \$18.50 = \$740.00
The contractor earns a fixed hourly rate for the first 40 hours worked.
2
Calculate the number of overtime hours and the overtime rate.
Overtime hours: 48−40=848 - 40 = 8. Overtime rate: $18.50×1.5=$27.75\$18.50 \times 1.5 = \$27.75.
Overtime is paid at 'time-and-a-half' for any hours worked beyond the standard 40 hours.
3
Calculate the total overtime pay.
8×$27.75=$222.008 \times \$27.75 = \$222.00
Multiply the overtime hours by the higher overtime pay rate.
4
Calculate the commission earned on equipment sales.
0.05×$3,200=$160.000.05 \times \$3,200 = \$160.00
The commission is 5% (or 0.05) of the total sales volume.
5
Sum all three components to find the total gross earnings.
$740.00+$222.00+$160.00=$1,122.00\$740.00 + \$222.00 + \$160.00 = \$1,122.00
Gross earnings are the sum of base pay, overtime pay, and commission before any deductions.

Anahtar Kavram

Calculating Gross Pay with Overtime and Commission
Bu soruyu puanla

Konular

Wages, Salaries, and Commissions

Bu konudan daha fazla soru