Question

Carrie Overwood works fluctuating work schedules. Besides her fixed
salary of $1,050 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 $22.00 per hour and a maximum of
53 hours, how much would Overwood be paid for 48 hours? $

Answer #1

A)Normal pay rate = 1050 /40 = $ 26.25 per hour

overtime hours = 48-40 = 8 hours

overtime rate = 1.5 * normal rate

= 1.5 *26.25

= $ 39.375 per hour

Total overtime earnings = overtime hours *overtime rate

= 8 *39.375

= $ 315

B)Total earnings =fixed salary +overtime earnings

= 1050 +315

= 1365

c)If the maximum limit is 53 hours ,there will be no overtime payable .

Thus total earnings in that case will be 48 hours* 22 = $ 1056

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...

Example 2-19 Matt Leonard earns $739.20 a week with fluctuating
workweek hours. If he worked 48 hours in one week, his gross pay
would be calculated as follows: $739.20 ÷ 48 hours = $15.40 regular
rate $15.40 × 0.5 = $7.70 extra half pay rate 8 hours O.T. × $7.70
= $61.60 extra pay $739.20 + $61.60 = $800.80 weekly gross pay
Example 2-21 The agreement between John Kalas and his employer
provides for a pay rate of $14 per...

Note: In this chapter and in all succeeding work throughout the
course, unless instructed otherwise, calculate hourly rates and
overtime rates as follows: 1. Carry the hourly rate and the
overtime rate to 3 decimal places and then round off to 2 decimal
places (round the hourly rate to 2 decimal places before
multiplying by one and one-half to determine the over-time rate).
2. If the third decimal place is 5 or more, round to the next
higher cent. 3....

Sheila Williams, a
medical secretary, earns $2,600 monthly for a 36-hour week. For
overtime work, she receives extra pay at the regular hourly rate up
to 40 hours and time and one-half beyond 40 hours in any week.
During one semimonthly pay period, Williams worked 10 hours
overtime. Only 2 hours of this overtime were beyond 40 hours in any
one week. Compute the following amounts.
Round all
divisions to two decimal places and use the rounded amounts in
subsequent...

Note: In this chapter and in all succeeding work throughout the
course, unless instructed otherwise, calculate hourly rates and
overtime rates as follows: 1. Carry the hourly rate and the
overtime rate to 3 decimal places and then round off to 2 decimal
places (round the hourly rate to 2 decimal places before
multiplying by one and one-half to determine the overtime rate). 2.
If the third decimal place is 5 or more, round to the next higher
cent. 3....

Note: In this
chapter and in all succeeding work throughout the course,
unless instructed otherwise, calculate
hourly rates and overtime rates as follows:
1.
Carry the hourly rate and the overtime rate to 3
decimal places and then round off to 2 decimal places (round the
hourly rate to 2 decimal places before multiplying by one and
one-half to determine the overtime rate).
2.
If the third decimal place is 5 or more, round to
the next higher cent.
3....

John Porter is an hourly employee of Motter Company located in
New York City. This week, Porter had to travel to the company's
regional office in Albany. He left Sunday at noon and arrived in
Albany at 3:00 P.M. During the week, he worked his normal 40 hours
in the Albany office (Monday through Friday—9 A.M. to 5 P.M.). In
addition, he attended the company's mandatory 4-hour work training
session on Wednesday evening. Porter's hourly rate of pay is $12.20...

Note: In this
chapter and in all succeeding work throughout the course,
unless instructed otherwise, calculate
hourly rates and overtime rates as follows:
1.
Carry the hourly rate and the overtime rate to 3
decimal places and then round off to 2 decimal places (round the
hourly rate to 2 decimal places before multiplying by one and
one-half to determine the overtime rate).
2.
If the third decimal place is 5 or more, round to
the next higher cent.
3....

Karen works 50 hours per week. She can work legally as a book
keeper and earn $50 per hour. Alternatively, she can work illegally
by helping clients evade taxes for $150 per hour. Karen can only
choose one occupation or the other. If she chooses illegal work,
the probability of being caught is 0.3, and if caught, Karen will
face a penalty of $150 per hour of illegal activity. (Note: if
Karen is caught, she retains the proceeds from her...

Note: In this chapter and in all succeeding work throughout the
course, unless instructed otherwise, calculate hourly rates and
overtime rates as follows: 1. Carry the hourly rate and the
overtime rate to 3 decimal places and then round off to 2 decimal
places (round the hourly rate to 2 decimal places before
multiplying by one and one-half to determine the over-time rate).
2. If the third decimal place is 5 or more, round to the next
higher cent. 3....

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 1 minute ago

asked 6 minutes ago

asked 15 minutes ago

asked 23 minutes ago

asked 51 minutes ago

asked 53 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago