Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows 2. 3. 4. 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). 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. What is Abel's regular weekly earnings? Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Refer to Instruction 2-1. Abel works a 37 -hour week at $10.75 an hour. Overtime hours are paid at 12 times the regular rate Abel's regular weekly earnings are 37 * $10.75) - $ 403.13 OAT Abel works 6 hours overtime during on week. Abel's weekly gross earnings are (5 403.13 + (6 x $16.13)] = $499.91 Abel's overtime rate is ($10.75 X 1.5) = $16.13 Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows 2. 3. 4. 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). 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. What is Abel's regular weekly earnings? Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Refer to Instruction 2-1. Abel works a 37 -hour week at $10.75 an hour. Overtime hours are paid at 12 times the regular rate Abel's regular weekly earnings are 37 * $10.75) - $ 403.13 OAT Abel works 6 hours overtime during on week. Abel's weekly gross earnings are (5 403.13 + (6 x $16.13)] = $499.91 Abel's overtime rate is ($10.75 X 1.5) = $16.13