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help please! Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime fate as follows:
help please!
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime fate 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 , simply drop the third decimal place. Examples: Monthly rate $1,827 Weekly rate ($1,82712)/52=$421.615 rounded to $421.62 Hourly rate $421.62/40=$10.540 rounded to $10.54 O.T. rate $10.541.5=$15.81 Aso, use the minimum hourly wage of $7.25 in solving these problems and all that follow. he hours worked and the hourly wage rates for five employees of Ka Company for the week ended September 9 follow. When required, round your answers to the nearest cent. For each employee, compute the gross earnings. Compute the total gross earnings for all employees Step by Step Solution
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