Utah Contractor Practice Exam

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Study for the Utah Contractor Exam with comprehensive quizzes and resources designed to help you master the content. Engage with flashcards and multiple-choice questions that equip you with the knowledge needed to pass the exam!

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If an employee works 40 hours per week for 4 weeks and insurance costs $147.20 per month, what will the insurance cost per hour for the employee?

$0.12
$0.54
$0.78
$0.92

The correct answer is: $0.92

To calculate the insurance cost per hour for the employee, start by determining the total number of hours worked in 4 weeks. Since the employee works 40 hours per week, over 4 weeks, the total hours worked would be: 40 hours/week * 4 weeks = 160 hours. Next, you need to calculate the insurance cost per hour. The monthly insurance cost is given as $147.20. To find the cost per hour, divide the total insurance cost by the total hours worked: Insurance cost per hour = Total insurance cost / Total hours worked Insurance cost per hour = $147.20 / 160 hours = $0.92. This calculation shows that the correct answer is based on accurately dividing the total insurance cost for the month by the total hours worked over that month. The result of this division reflects the cost of insurance that can be allocated to each working hour, illustrating how employee expenses can be quantified in relation to their work hours.