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. If the third decimal place is less than 5, simply drop the third decimal place. Examples: Monthly rate $1,827 Weekly rate ($1,827 × 12)/52 = $421.615 rounded to $421.62 Hourly rate $421.62/40 = $10.540 rounded to $10.54 O.T. rate $10.54 × 1.5 = $15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Example 2-6 John Dilcher is paid an hourly rate of $18.50 per hour, and he worked 49 hours this week. His gross pay is: 40 hours × $18.50 = $740.00 9 hours × $27.75 ($18.50 × 1.5) = 249.75 Total gross pay = $989.75 The following time card shows the time worked one week by Hal Carsom. The employer disregards any time before 8:00 A.M. or between 12:00 and 1:00 P.M. and after 5:00 P.M. Employees do not begin work until 8:00 A.M. or 1:00 P.M., and do not work beyond 5:00 P.M., unless they are asked to work overtime. Hours worked beyond the regular 8-hour day and on Saturday are paid at one and one-half times the regular rate. Hours worked on Sunday are paid double the regular rate. Fractions of the hour for time worked are based on full quarter-hour increments. No. Name 72 Hal Carsom (a) Day Morning Afternoon Overtime Hours Worked In Out In Out In Out M 7:47 12:00 12:50 5:01 T 7:50 12:01 12:49 5:02 5:30 8:31 W 8:05 12:02 12:58 5:03 T 7:45 12:00 12:55 5:00 5:29 7:35 F 8:01 12:01 1:00 5:01 6:00 8:01 S 7:48 12:02 S 2:00 6:03 Total Hours Worked Remarks Carsom's regular wage rate is $14.10 per hour, and the regular workweek is 40 hours with five 8-hour days. Compute the following: a. The hours worked each day. (Ignore the one-minute tardiness on Friday.) Monday hours Tuesday hours Wednesday hours Thursday hours Friday hours Saturday hours Sunday hours For (b)-(e), if required, round your answers to two decimal places and use the rounded answers in subsequent computations. Round your final answers to the nearest cent. b. The total hours worked hours c. The regular earnings $ d. The overtime earnings $ e. The total earnings $
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