BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Max works at a local flower shop. His regular hourly wage is $9.50. He regularly works 40 hours per week. If he gets paid time and a half overtime, what would he make in a week if he worked 50 hours?
A
$380
B
$522.50
C
$142.50
D
$600
Explanation: 

Detailed explanation-1: -First, determine the total number of hours worked by multiplying the hours per week by the number of weeks in a year (52). Next, divide this number from the annual salary. For example, if an employee has a salary of $50, 000 and works 40 hours per week, the hourly rate is $50, 000/2, 080 (40 x 52) = $24.04.

Detailed explanation-2: -To calculate your hourly pay from your salary: Find the number of hours you worked. Divide your salary by the number of hours you worked. The result is your hourly pay.

Detailed explanation-3: -$8 hourly is how much per year? If you make $8 per hour, your Yearly salary would be $16, 640. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week. How much tax do I pay if I make $8 per hour?

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