Question

Michelle is a financial analyst who works 47.75 hours a week. Michelle earns $27 per hour as a financial analyst, and her
overtime pay rate is time-and-a-half. If full-time employment is considered 40 hours per week, how much does Michelle
earn each week? Round to the nearest penny.
O $1,353.78
$1,393.88
$1,423,68
o $1.453.68

Answer 1

9514 1404 393

Answer:

  (b)  $1,393.88

Step-by-step explanation:

For each overtime hour, Michelle is paid for 1.5 hours. That is we can figure her pay as though she worked straight time for ...

  47.75 hours + (7.75 hours)/2 = 51.625 hours

That pay is ...

  (51.625 h)($27/h) = $1393.88