3.

In all problems, unless instructed otherwise, compute hourly rate and overtime rates as follows:

1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places.

2. If the third decimal place is 5 or more, round to the next higher cent.

3. If the third decimal place is less than 5, drop the third decimal place.

Bonnie is a waitress and worked 44-hour workweek and collected tips of $545. The restaurant uses the full tip credit against the minimum wage and pays her the minimum required for tipped employees. Determine her gross pay from the restaurant:

Pay for the 40 hours

Pay for the overtime hours: