Employers may pay nonexempt employees who work fluctuating schedules a fixed salary. In these cases, the extra pay is:

a.calculated at a time and one-half rate.

b.calculated at the regular rate of pay.

c.unpaid.

d.calculated at a double time rate.

e.None of these choices are correct.

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 (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate).

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.

Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.

Jack Kenston works a 40-hour week with overtime paid at 1 times his regular rate of pay of $14.88. This week he worked 42 hours, which resulted in a gross pay of $. Round your answer to the nearest cent.

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 (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate).

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.

Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.

Fall is paid a biweekly salary of $937.50. Overtime is paid for hours beyond 40 in each workweek. One week, Fall works 3 hours overtime. Fall's pay for this biweekly pay period is $. Round your answer to the nearest cent.

A stated percentage of revenue paid an employee who transacts a piece of business or performs a service is called:

a.a commission.

b.a remunerative salary.

c.a regular hourly rate.

d.a piece rate.

e.None of these choices are correct.