An employee earns £7.29 per hour for their contracted hours. The employee is also paid 1.5 times standard pay when working overtime. Similarly, employees are offered a £30 cash bonus every time they meet or exceed their weekly sales targets.If in one week, an employee works 37.5 contracted hours, 9 hours of overtime and meets their weekly target, how much can the employee expect to be paid?£401.80£412.40£425.70£436.20£447.50
Question
An employee earns £7.29 per hour for their contracted hours. The employee is also paid 1.5 times standard pay when working overtime. Similarly, employees are offered a £30 cash bonus every time they meet or exceed their weekly sales targets.If in one week, an employee works 37.5 contracted hours, 9 hours of overtime and meets their weekly target, how much can the employee expect to be paid?£401.80£412.40£425.70£436.20£447.50
Solution 1
To solve this problem, we need to calculate each part of the employee's earnings separately and then add them together.
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Contracted Hours: The employee works 37.5 hours at a rate of £7.29 per hour. So, the total earning from contracted hours is 37.5 hours * £7.29/hour = £273.375.
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Overtime: The employee works 9 hours of overtime at 1.5 times the standard pay. So, the overtime pay is 9 hours * 1.5 * £7.29/hour = £98.175.
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Bonus: The employee meets their weekly target, so they receive a £30 bonus.
Adding these together, the total pay the employee can expect to receive is £273.375 + £98.175 + £30 = £401.55.
However, this amount is not listed in the options. It's possible that the overtime pay was rounded up to £98.25, which would make the total pay £401.625, which would round to £401.63. This is still not listed in the options.
There may be a mistake in the problem or the answer choices.
Solution 2
To solve this problem, we need to calculate each part of the employee's earnings separately and then add them together.
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Contracted Hours: The employee works 37.5 hours at a rate of £7.29 per hour. So, the total earning from contracted hours is 37.5 hours * £7.29/hour = £273.375.
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Overtime: The employee works 9 hours of overtime at a rate of 1.5 times the standard pay. So, the overtime pay is 9 hours * 1.5 * £7.29/hour = £98.175.
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Bonus: The employee meets their weekly target, so they receive a bonus of £30.
Adding these all together, the total pay the employee can expect to receive is £273.375 + £98.175 + £30 = £401.55.
However, this amount is not listed in the options. It's possible that the overtime pay was rounded up to the nearest whole number before being added, which would give a total pay of £402. If we round each individual component to the nearest whole number before adding, we get £273 + £99 + £30 = £402.
So, there seems to be a slight discrepancy in the calculation or the provided options. The closest option to the calculated pay is £401.80.
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