Question

for the third week if june,kevin Walker worked 42.75 hours. Kevin earns $12.60 an hour. his employer pays overtime for all hours worked in excess of 40 hours per week and pays 1.5 times the hourly rate for overtime hours. calculate the following for the third week of June ( round your responses to the nearest cent if necessary): regular pay amount, overtime pay,gross pay.

Answer 1

Answer:

Regular pay = $504

Overtime pay = $51.975

Gross pay = $555.975

Explanations:

The total number of hours worked = 42.75 hours

Amount earned per hour = $12.60

The number of hours required to work = 40 hours

Regular pay = (Amount earned per hour) x (total number of hours )

Regular pay = 12.60 x 40

Regular pay = $504

The hourly rate for overtime = 1.5 x hourly rate

Overtime hours = 42.75 - 40

Overtime hours = 2.75 hours

Overtime pay = 1.5 x hourly rate x overtime hours

Overtime pay = 1.5 x 12.60 x 2.75

Overtime pay = $51.975

Gross Pay = Regular Pay + Overtime pay

Gross pay = $504 + $51.975

Gross pay = $555.975