To analyze the equation \(20h + 40 = 480\):
- \(20h\) represents the payments based on the number of hours \(h\) Stacey worked, where she is paid $20 for each hour (denoted by \(h\)).
- The \(40\) in the equation represents a fixed amount that Stacey earns, likely a bonus.
- The \(480\) on the right side of the equation represents her total earnings.
Rearranging the equation gives us the following interpretation:
- Stacey receives $40 as a bonus.
- She earns $20 for each hour \(h\) she worked.
- The total earnings amount to $480.
Thus, the situation best represented by the equation is:
Stacey was paid $40 last week. She was paid a $20 bonus and $40 for each hour she worked.
Therefore, the correct response is the third option:
Stacey was paid $480 last week. She was paid a $20 bonus and $40 for each hour she worked.