Question
Hi, My question is Why we take $15.40 x 0.5 = $7.70 extra half pay rate? Why we x 0.5? Also, Why we take $739.20
Hi,
My question is Why we take $15.40 x 0.5 = $7.70 extra half pay rate? Why we x 0.5?
Also, Why we take $739.20 : 48 hours ( not divide 40 hours)
And I do CONFUSE when I read this sentence:
No matter how many hours John works each week (above and below 40), his gross pay would be $728.00. However, if John works beyond the agreed-upon maximum of 48 hours, he must be paid at one and one-half times his regular rate of pay (1.5 $14 = $21) for the hours over 48.
Example 2-19
Matt Leonard earns $739.20 a week with fluctuating workweek hours. If he worked 48 hours in one week, his gross pay would be calculated as follows:
$739.20 48 hours | = | $15.40 regular rate |
$15.40 0.5 | = | $7.70 extra half pay rate |
8 hours O.T. $7.70 | = | $61.60 extra pay |
$739.20 + $61.60 | = | $800.80 weekly gross pay |
Example 2-21
The agreement between John Kalas and his employer provides for a pay rate of $14 per hour with a maximum of 48 hours per week.
48 hours $14 | = | $672.00 |
8 hours 0.5 $14 | = | 56.00 |
John's weekly salary | = | $728.00 |
No matter how many hours John works each week (above and below 40), his gross pay would be $728.00. However, if John works beyond the agreed-upon maximum of 48 hours, he must be paid at one and one-half times his regular rate of pay (1.5 $14 = $21) for the hours over 48.
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