EstatePass
Business & FinanceAccountingmedium32% of exam part

An employee works 45 hours in a week at $28 per hour. Assuming overtime is paid at time-and-a-half for hours over 40, what is the gross pay for the week?

Correct Answer

D) $1,190

Regular pay: 40 hours × $28 = $1,120. Overtime pay: 5 hours × $42 ($28 × 1.5) = $210. Total gross pay: $1,120 + $210 = $1,330. Wait, let me recalculate: 40 × $28 = $1,120, 5 × $42 = $210, total = $1,330. The answer should be d, but checking options, $1,190 suggests 40 × $28 + 5 × $28 × 0.5 = $1,120 + $70 = $1,190.

Answer Options
A
$1,120
B
$1,330
C
$1,260
D
$1,190

Why This Is the Correct Answer

The explanation contains an error - the correct answer should be D) $1,330, not B) $1,190. Regular pay is 40 hours × $28 = $1,120. Overtime pay is 5 hours × $42 (which is $28 × 1.5) = $210. Total gross pay is $1,120 + $210 = $1,330. The explanation incorrectly suggests answer B by using a flawed overtime calculation.

Why the Other Options Are Wrong

Option A: $1,120

This represents the mathematically correct calculation: $1,120 regular pay + $210 overtime pay = $1,330 total gross pay

Option B: $1,330

This only accounts for regular pay (40 hours × $28 = $1,120) but completely ignores the 5 hours of overtime pay that must be added

Option C: $1,260

This amount doesn't match any logical combination of regular and overtime pay calculations for the given hours and rate

Memory Technique

Remember 'ROTO': Regular hours (40 max), Overtime hours (over 40), Time-and-a-half rate (1.5×), then add both parts together

Reference Hint

Florida Building Code Chapter 1, Section 107 - Construction Documents and Labor Law Requirements, or Department of Labor wage and hour regulations

Was this explanation helpful?

More Business & Finance Questions

A general contractor purchases equipment worth $45,000 with a useful life of 9 years and no salvage value. Using straight-line depreciation, what is the annual depreciation expense?

What is the typical recommended coverage amount for general liability insurance for a small to medium-sized general contracting business?

A contractor estimates startup costs of $75,000 for equipment, $25,000 for initial inventory, $15,000 for insurance premiums, and $10,000 for working capital. They can finance 70% of the total. How much cash do they need?

When establishing professional relationships with architects and engineers, what is the most important factor for a general contractor to consider?

A partnership agreement for a construction company should address all of the following EXCEPT:

A contractor purchases a truck for $60,000. After 5 years, it has accumulated depreciation of $35,000. What is the truck's book value?

A contractor's business plan projects first-year revenue of $500,000 with a 15% net profit margin. If actual revenue is $450,000 with the same profit margin, what is the variance in net profit?

Using the Modified Accelerated Cost Recovery System (MACRS), construction equipment is typically depreciated over how many years?

A contractor is comparing financing options for equipment purchase. Option A: $80,000 cash purchase. Option B: $20,000 down, $65,000 financed at 6% for 4 years. What is the total cost of Option B?

A contractor purchases equipment using a capital lease with a present value of $120,000. How should this be recorded on the balance sheet?

People Also Study

Related Study Resources

Practice More Contractor Exam Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your Florida General Contractor exam.

Start Practicing

Disclaimer: EstatePass is an independent exam preparation platform and is not affiliated with, endorsed by, or connected to any state contractor licensing board, the Construction Industry Licensing Board (CILB), the Department of Business and Professional Regulation (DBPR), NASCLA, Pearson VUE, PSI, or any government agency. Exam requirements, fees, and regulations change frequently. Always verify current requirements with your state's licensing board before making decisions. Information shown was last verified on the dates indicated and may not reflect the most recent changes.