In the following problem, 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 2. 3. mulitpying by one and one-half to determine the overtime rate). If the third decimal place is 5 or more, round to the next higher cent. If the third decimal place is less than 5, drop the third decimal place. Jack Kenston works a 40-hour week with over time 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 Do NOT use $ Dollar Signs $