Question

FINANCIAL MATH (PLEaSE HELPP)

Mr. Jones earns $26.50 per hour. His regular hours are 40 hours per week, and he receives time-and-a-half overtime. Find his total pay for a week in which he works 45 hours.

Answer 1

To calculate Mr. Jones' pay for the week, we need to consider his regular pay for 40 hours and his overtime pay for the additional 5 hours he worked.

His regular pay for the week would be:

$26.50/hour x 40 hours = $1,060

To calculate his overtime pay, we need to first determine his overtime rate. His overtime rate is time-and-a-half, which means he earns one and a half times his regular pay rate for each hour of overtime. So, his overtime rate is:

1.5 x $26.50/hour = $39.75/hour

Now we can calculate his overtime pay for the week:

$39.75/hour x 5 hours = $198.75

To find his total pay for the week, we just need to add his regular pay and overtime pay:

$1,060 + $198.75 = $1,258.75

Therefore, Mr. Jones' total pay for the week in which he works 45 hours is $1,258.75.