Question

Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,047 per week, her employment agreement provides for overtime pay at an extra half-rate for hours worked over 40. This week she worked 48 hours. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent.

a. The overtime earnings $ ____________

b. The total earnings $ ________________

c. If this was a BELO plan with a pay rate of $23.45 per hour and a maximum of 48 hours, how much would Overwood be paid for 43 hours? $____________

Answer 1

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a. The overtime earnings $ ____________

Answer: Per hour salary comes 26.175 $, Overtime it will be 1.5 times ie. 39.2625 and for 8 hours of overtime, she will get $ 314.10

b. The total earnings $ ________________

Answer: Minimum Salary  $ 1047 + Overtime Salary $ 314.10= Total $1361.10

c. If this was a BELO plan with a pay rate of $23.45 per hour and a maximum of 48 hours, how much would Overwood be paid for 43 hours? $____________

Answer: For First 40 Hours = 24*23.45= $ 938 , Plus for 3 hours Overtime 1.5 times ie 23.45*1.5 time per hour= 35.175

Hence Overtime Salary will be $ 105.525

Overall Salary for 43 hours are 938+105.525= $ 1043.525 which is less than the fixed salary, hence she will be entitled for the Minimum Salary of $ 1047.