Teon's overtime hourly rate can be calculated by determining the regular hourly rate and the overtime rate separately. In many jurisdictions, overtime is typically paid at a rate of 1.5 times the regular hourly rate for hours worked beyond a standard workweek (usually 40 hours).
Teon's overtime hourly rate is $27.75 ($18.50 * 1.5), and his net paycheck for the week would be $1141.25 after deducting $129.
First, let's calculate Teon's regular hourly rate. He worked 63 hours in one week, and if we assume a standard 40-hour workweek, he worked 23 hours of overtime (63 hours - 40 hours). Now, we can calculate his regular earnings:
- Regular Earnings = Regular Hours Worked * Hourly Rate
- Regular Earnings = 40 hours * $18.50 per hour = $740
Next, let's calculate his overtime earnings:
- Overtime Earnings = Overtime Hours Worked * (Hourly Rate * Overtime Multiplier)
- Overtime Earnings = 23 hours * ($18.50 per hour * 1.5) = $530.25
Now, let's find his net paycheck by subtracting the total deduction from his gross earnings:
- Gross Earnings = Regular Earnings + Overtime Earnings
- Gross Earnings = $740 + $530.25 = $1270.25
- Net Paycheck = Gross Earnings - Total Deduction
- Net Paycheck = $1270.25 - $129 = $1141.25
Therefore, Teon's overtime hourly rate is $27.75 ($18.50 * 1.5), and his net paycheck for the week would be $1141.25 after deducting $129.