Question

Peter worked 57 hours last week. He earns $ 10.97 per hour plus overtime, at theusual rate, for hours exceeding 40 hours. What is his gross pay? Round answer totwo decimal places. If answer does not have two decimal places then include zerosso that it does.

Answer 1

$718.54

Explanaton:

Peter work 57 hours, so he works 17 hours of overtime because

57 - 40 = 17

Then, he earns $10.97 per hour, so for the first 40 hours, he earns a total of

40 x $10.97 = $438.8

To calculate the earning for the overtime hours, we need to multiply the normal salary per hour to 1.5 which is the usual rate, so for the overtime hours, he earns:

17 x $10.97 x 1.5 = 279.735

Therefore, the gross pay is

$438.8 + $279.735 = $718.54

So, the answer is $718.54