Francesca is paid $1,000 semimonthly. If she works a 40-hour week, what is her hourly rate...
Francesca is paid $1,000 semimonthly. If she works a 40-hour week, what is her hourly rate under federal law? Please explain your answer.
Homework Answers
| It is given Francesca works 40 hours a week, there are 52 weeks in a year | ||
| Thus there are total 2080 hours in a year (40 hours x 52 weeks) | ||
| Semimonthly pay | $1,000 | |
| Semimonthly pay period per year (twice a month for 12 months) | 24 | (2 x 12) |
| Annual pay | $24,000 | (1000 x 24) |
| Total hours in a year | 2080 | |
| Hourly rate | $11.54 | (24000/2080) |
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I am not sure what i did wrong here: 2,414/ month 35 hour work week 2,414*12=...
I am not sure what i did wrong here:
2,414/ month 35 hour work week
2,414*12= 28,968 Annual
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557.08/35= 15.92 Hourly
15.92*1.5= 23.87 OT
10 extra hours 2 are over 40 so 8 reg 2 OT
8*15.92= 127.33
2*23.87= 47.75 OT
1207+127.33+47.75= 1382.08 However this is wrong ... what did I
do wrong please advise.
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I am not sure what i did wrong here:
2,414/ month 35 hour work week
2,414*12= 28,968 Annual
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557.08/35= 15.92 Hourly
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10 extra hours 2 are over 40 so 8 reg 2 OT
8*15.92= 127.33
2*23.87= 47.75 OT
1207+127.33+47.75= 1382.08 However this is wrong ... what did I
do wrong please advise.
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