My question is: Bill gets paid $20 every hour he works up to a total of 40 hours, after which he gets paid double that amount per hour. How much does Bill get paid for a 50-hour workweek? Your thoughts:
Bill makes $20 an hour for the first 40 hours, meaning he gets paid 40 * 20 = 800 dollars. For the remaining 10 hours, Bill gets paid double the amount of $20, meaning he makes 20 * 2 = 40 dollars an hour. Since he worked 10 hours at that $40 an hour rate, that means he gets paid 10 * 40 = 400 dollars for the final 10 hours. In total, this means Bill gets paid 800 + 400 = 1200 dollars for his workweek. The final answer: 1200.