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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
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:
Day | Hours | Minutes |
Monday | 8 | 47 |
Tuesday | 8 | 22 |
Wednesday | 6 | 25 |
Thursday | 9 | 6 |
Friday | 7 | 58 |
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 interim calculations. Round final answer to two decimal places.)
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