Question

continued - calculating gross payRemember, this is money round to the nearest Penny/hundredths place. Take OT rate as 1.5 times the regular pay rate.Take the regular working hours per week as 40 hours.

Answer 1

Given Data:

Total working hours is = 51 hours.

Pay rate=$8.45.

OT rate=1.5 times the regular pay rate.

Regular working hours is 40 hours.

Regular pay can be determined as,

`RP=40\text{ hours}*8.45\text{ USD=338 USD}`

Thus, the regular pay is $338.

The OT rate can be determined as,

`\begin{gathered} OT=1.5*8.45\text{ USD} \\ =12.675\text{ USD} \end{gathered}`

Thus, the overtime rate is $ 12.68.

The overtime pay can be determined as,

`\begin{gathered} OT\text{ Pay=(51-40) hours}*12.675\text{ USD} \\ =139.425\text{ USD} \end{gathered}`

Thus, the overtime pay is $139.43.

The gross pay can be determined as,

`\begin{gathered} GP=RP+OT\text{ Pay} \\ =338\text{ USD+139.425 USD} \\ =447.425\text{ USD} \end{gathered}`

Thus, the gross pay is $ 447.425.