Question

Isaac is a manager at a local restaurant. His regular hourly wage is $10.00, he receives overtime pay at a rate of time-and-a-half for any hours he works over 40 in one week. This week, Isaac worked 50 hours. What will Isaac's total earnings be this week? (Format your answer using dollars and cents, example: $156.18)

A) $525.00
B) $550.00
C) $575.00
D) $600.00

Answer 1

Isaac's total earnings for the week will be $550.00, after working 40 regular hours and 10 overtime hours.

Step-by-step explanation:

The question involves calculating Isaac's total earnings for a week during which he has worked overtime. Isaac's regular hourly wage is $10.00 and he receives overtime pay at a rate of time-and-a-half for any hours he works over 40 in a week.

First, we need to calculate his earnings for the regular 40 hours at his normal rate:

40 hours × $10.00/hour = $400.00

Next, we calculate his overtime pay for the 10 extra hours. Since the overtime rate is time-and-a-half, we multiply his normal hourly wage by 1.5:

$10.00/hour × 1.5 = $15.00/hour

Now we calculate his earnings for the overtime hours:

10 hours × $15.00/hour = $150.00

Finally, we add his regular earnings to his overtime earnings to get his total weekly earnings:

$400.00 + $150.00 = $550.00

Therefore, Isaac's total earnings for the week will be $550.00, which corresponds to option B.