Final answer:
The question is about object-oriented programming, requiring the definition of an abstract class named PayCalculator with a pay rate variable, a constructor, and an abstract method, as well as a subclass HourlyPay that includes overtime pay.
Step-by-step explanation:
The concept described pertains to the field of object-oriented programming, involving the creation of an abstract class and a derived class.
An abstract class is a template that cannot be instantiated on its own and often contains one or more abstract methods. These methods are declared but not defined, meaning the derived classes are responsible for providing their implementation. In this context, PayCalculator is an abstract class with a protected variable payRate that stores the payment rate in dollars per hour. It also includes a constructor that sets the payRate and an abstract method calculatePay for calculating pay based on time worked.
The derived class, HourlyPay, extends PayCalculator and additionally contains a variable that represents overtime pay. This suggests it will have its own implementation of the calculatePay method, which would take into account overtime scenarios when computing total pay.