Question

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. If the third decimal place is less than 5, simply drop the third decimal place. Examples: Monthly rate $1,827 Weekly rate ($1,827 x 12)/52 - $421.615 rounded to $421.62 Hourly rate $421.62/40 - $10.540 rounded to $10.54 O.T. rate $10.54 x 1.5 - $15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.

Answer 1

Employee	Hours Worked	Regular Hourly wage rate	Regular Earnings	Overtime Rate	Overtime Earnings	Total Gross Earnings
Carman, T.	47	$              12.20	$           488.00	$              18.30	$           128.10	$           616.10
Galasso, A.	45	$              10.15	$           406.00	$              15.23	$              76.15	$           482.15
Jones, B.	44	$              10.95	$           438.00	$              16.43	$              65.72	$           503.72
Rodna, G.	47	$                9.45	$           378.00	$              14.18	$              99.26	$           477.26
Wilmon, W.	43	$                7.40	$           296.00	$              11.10	$              33.30	$           329.30
				Total Gross Earnings	$        2,408.53

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