Final answer:
Alexi would have an hourly rate of $18.75 based on a 40-hour work week. Her overtime rate, at 1.5 times the hourly rate, would amount to $28.125 per hour. If paid for overtime, Alexi would earn an additional $562.50 per week for the 20 hours over the standard 40-hour work week.
Step-by-step explanation:
Alexi currently earns an annual salary of $36,000, paid out in 12 monthly installments, and works more than 60 hours a week. Although she does not currently receive overtime pay as a salaried employee, the calculation for what her overtime rate could be is based on the typical understanding that overtime is paid at 1.5 times the regular hourly rate for hours worked beyond 40 hours a week.
Firstly, let's calculate Alexi's regular hourly rate. If she works 40 hours a week, that would be 40 hours x 4 weeks x 12 months = 1,920 hours a year. Thus, an annual salary of $36,000 divided by 1,920 hours gives an hourly rate of $18.75. The overtime rate would then be 1.5 times the regular rate, which is $18.75 x 1.5 = $28.125 per hour.
If Alexi works 60 hours a week, she works 20 hours of potential overtime each week. At the overtime rate of $28.125 per hour, the additional pay she would earn per week is 20 hours x $28.125 = $562.50. Consequently, if she were to be paid for her overtime hours, she would earn an additional $562.50 each week.