Example 2-9 John Dilcher is paid an hourly rate of $18.50 per hour, and he worked 49 hours this week. His gross pay is: 40 hours x $18.50 - $740.00 regular earnings 9 hours x $27.75 ($18.50 x 1.5) - 249.75 overtime earnings Total gross pay = $989.75 The wages and hours information for five employees of McNeese Enterprises for the week ended July 7 is given below. Employees work a standard 40-hour workweek and are paid time and one-half for all hours over 40 in each workweek. If required, round your answers to two decimal places and use the rounded answers in subsequent computations. Round your final answers to the nearest cent. a. For each employee, compute the regular earnings, overtime rate, overtime earnings, and total gross earnings. b. Compute the total gross earnings for all employees. Employee Hours Worked Regular Hourly Wage Rate Overtime Rate Overtime Earnings Total Gross Earnings Regular Earnings $ 498 Carman, T. 47 $12.45 18.675 130.725 X $ 238.73 X Galasso, A. 42 11.90 476 17.85 35.7 511.70 Jones, B. 48 10.85 434 16.275 130.2 x 564.20 Rodna, G. 44 11.25 450 16.875 X 67.5 517.50 X Wilmon, W. 4512 13.40 536 20.1 110.5 646.55 (b) Total gross earnings 2,868.68 X Feedback Check My Work a. Regular Earnings: Multiply up to 40 hours x regular hourly wage rate Overtime Rate: Calculate 1.5 x regular wage rate Overtime Earnings: Calculate overtime rate x (total hours - 40) Total Gross Earnings: Sum regular earnings + overtime earnings b. Total column for Total Gross Earnings