An employee has a regular hourly rate equal to $10 and worked 45 hours within a...
An employee has a regular hourly rate equal to $10 and worked 45 hours within a period of 7 consecutive days.
How much overtime pay will the employee earn?
What is the TOTAL amount the employer should pay this employee for the 45 work hours?
Homework Answers
Given that, Hourly rate (Regular) = $10 per hour
Assuming the overtime rate = 1.5 times the regular rate = 1.5 x 10 = $15 per hour
Total number of hours worked =
The standard working hours for a week = 5 days x 8 hours = 40 Hours
For 40 Hours, the employee will be paid as per the regular hourly rate of $10 per hour
For the remaining 5 hours, the employee will be paid as per the overtime hourly rate of $15 per hour.
Regular payment = 40 hours x $10 per hour
= $400
How much overtime pay will the employee earn?
Overtime payment = 5 hours x $15 per hour
= $75
What is the TOTAL amount the employer should pay this employee for the 45 work hours?
Total amount = Regular payment + Overtime payment
= 400 + 75 = $475
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