John Doe collects overtime pay when he works over 40 hours in a week. If he worked 45.5 hours at $22.50 per hour, determine his weekly gross earnings. a.$1,535.63 b.$1,085.63 c. $1,000 d. $1,023.75

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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John Doe collects overtime pay when he works over 40 hours in a week. If he worked 45.5 hours at $22.50 per hour, determine his weekly gross earnings.

a.$1,535.63

b.$1,085.63

c. $1,000

d. $1,023.75

Expert Solution
Step 1

John has worked for the following "overtime" hours:

 

= (45.5 - 40)

= 5.5 hours 

 

However, his weekly Gross earnings will be calculated for total 45.5 hours.

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