Since the amount of a person's paycheck \( p \) varies directly with the number of hours worked \( t \), we can express this relationship with the equation \( p = kt \), where \( k \) is the constant of proportionality.
Given that for 16 hours of work, the paycheck is $124.00, we can find the value of \( k \):
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Substitute \( p = 124 \) and \( t = 16 \) into the direct variation equation: \[ 124 = k \cdot 16 \]
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Solve for \( k \): \[ k = \frac{124}{16} = 7.75 \]
Now we can write the equation relating hours worked to paycheck: \[ p = 7.75t \]
Therefore, the correct equation is:
\[ \boxed{p = 7.75t} \]