Under a Modified Wage Plan,Jim Phillips Works an Eight-Hour Day

Multiple Choice

Under a modified wage plan,Jim Phillips works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units.However,he is guaranteed $12.50 per hour as a minimum wage.His production this week was as follows: How much was the make-up guarantee paid to Jim this week?

A) $10
B) $5
C) $15
D) $12.50