Final answer:
Julio's gross income for the pay period is $700, calculated by adding his regular pay of $500 for 40 hours and his overtime pay of $200 for 10 extra hours. None of the provided answer choices are correct. The correct option is approximately option c) $600.
Step-by-step explanation:
To find Julio's gross income for the pay period, we need to calculate his earnings for both regular hours and overtime hours separately and then add them together. Julio makes $12.50 per hour for the first 40 hours, and any hours worked over that are considered overtime. For overtime work, he earns a higher wage of $20 per hour.
First, we calculate his regular pay for the 40 hours:
40 hours × $12.50/hour = $500
Next, we calculate his overtime pay for the 10 extra hours:
10 hours × $20/hour = $200
We then add the regular pay and the overtime pay to find the gross income:
$500 (regular pay) + $200 (overtime pay) = $700
Therefore, none of the provided options (a) $525, (b) $575, (c) $600, or (d) $625 are correct. Julio's gross income for this pay period is $700.