Alan Is an Hourly Worker Who Earns $10 What Is His Gross Pay for the Week Using Both

question 47

Multiple Choice

Alan is an hourly worker who earns $10.50 per hour and is paid overtime for any time over 8 hours per day.During a weekly period,he worked the following hours: $$\begin{array} { | l | c | c | c | c | } \hline \text { Day } & \text { In } & \text { Out } & \text { In } & \text { Out } \\\hline \text { Monday } & 7 : 53 & 12 : 04 & 13 : 15 & 17 : 25 \\\hline \text { Tuesday } & 7 : 42 & 11 : 30 & 12 : 35 & 16 : 45 \\\hline \text { Wuednes day } & 7 : 48 & 12 : 35 & 13 : 28 & 17 : 25 \\\hline \text { Thursday } & 8 : 08 & 12 : 22 & 13 : 45 & 17 : 37 \\\hline \text { Friday } & 7 : 35 & 12 : 13 & 13 : 15 & 16 : 42 \\\hline\end{array}$$ What is his gross pay for the week using both quarter-hour and hundredth hour methods? (Do not round interim calculations.Round final answer to two decimal places.)

• A) $420.00; $439.69
• B) $439.69; $439.60
• C) $420.00; $429.67
• D) $420.00; $434.69

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Definitions:

Capital Lease

A lease agreement that grants a lessee the benefits and risks of ownership of the asset, typically recognized on the balance sheet.

Balance Sheet

A “snapshot” of an organization’s financial position at a given moment.