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:

Real Gross Domestic Product

An inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressing the total economic output in constant prices.

U.S. Price Level

The average of current prices for goods and services in the United States, reflecting the purchasing power of the currency and the rate of inflation.

U.S. Exports

involve products and services that are produced in the United States and sold to other countries, contributing to the country's GDP.

Aggregate Demand Curve

A graphical representation showing the relationship between the overall price level and the total demand for goods and services in an economy.