Libby Is an Hourly Employee Who Earns $14

question 47

Multiple Choice

Libby is an hourly employee who earns $14.32/hour.She is paid overtime only for hours worked past 40 in one week.During a weekly pay period,she worked the following hours:

What is the difference between her pay using the quarter-hour and the hundredth-hour methods? Which method pays Libby the greater amount? (Do not round intermediate calculations.Round your answer to 2 decimal places. )

• A)$1.07;Quarter-hour
• B)$1.07;Hundredth-hour
• C)$2.86;Quarter-hour
• D)$2.86;Hundredth-hour

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Definitions:

Shares Exchange

The process or act of trading shares of stock, typically through a formal exchange, where securities are bought and sold by investors.

Plan for Merger

A detailed strategy outlining the method and steps by which two or more companies will legally consolidate into one entity.

Shareholder Notice

A communication sent to the shareholders of a company informing them of important issues or events.

Shareholder Approval

Shareholder approval refers to the affirmative vote of shareholders, typically required for significant company decisions or changes, such as mergers and acquisitions.