Note In this chapter and in all succeeding work throughout the course, unless instructed otherwise , calculate hourly rates 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 multiplying by one and one half to determine the over time 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 ($1,827 12) 52 $421 615 rounded to $421 62 Hourly rate $421 62 40 $10 540 rounded to $10 54 O T rate $10 54 1 5 $15 81 Also, use the minimum hourly wage of $7 25 in solving these problems and all that follow Example 2 4 Joanne French works a 40 hour week at $12 40 an hour with overtime hours paid at 1 times the regular rate Regular weekly earnings are $496 00 (40 $12 40) The overtime rate is $18 60 ($12 40 1 5) If French works 4 hours overtime, additional earnings for the 4 hours are $74 40 (4 $18 60) French's weekly gross earnings are $570 40 ($496 00 $74 40) If paid only for time actually worked and she works only 36 hours during a week, French earns $446 40 (36 $12 40) Under the decimal system of computing time worked at Timmerman Company, production workers who are tardy are docked according to the schedule shown below Minutes Late in Ringing in Fractional Hour Deducted 1 through 6 1 10 7 through 12 2 10 13 through 18 3 10 19 through 24, etc 4 10 The regular hours of work, Monday through Friday, are from 7 30 to 11 30 A M and from 12 30 to 4 30 P M During one week, Henry Vanderhoff, who earns $13 00 an hour, reports in and checks out as shown below Employees are not paid for ringing in a few minutes before 7 30 and 12 30 nor for ringing out a few minutes after 11 30 and 4 30 (a) DAY AM PM HRS WORKED M In Out In Out 7 28 11 31 12 29 4 31 T 7 35 11 30 12 30 4 30 W 7 50 11 33 12 27 4 32 Th 7 27 11 31 12 50 4 33 F 7 28 11 32 12 40 4 30 Refer to the partial time card and compute the following a The hours worked each day Enter any fraction of an hour as a decimal For example 2 3 10 hours would be entered as 2 3 Monday hours Tuesday hours Wednesday hours Thursday hours Friday hours b The total hours worked hours c The gross earnings for the week Round your answer to the nearest cent $

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Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise , calculate hourly rates and overtime rates as follows: 1.

Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates 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 multiplying by one and one-half to determine the over-time 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 ($1,827 12)/52 = $421.615 rounded to $421.62 Hourly rate $421.62/40 = $10.540 rounded to $10.54 O.T. rate $10.54 1.5 = $15.81

Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.

Example 2-4

Joanne French works a 40-hour week at $12.40 an hour with overtime hours paid at 1 times the regular rate.

Regular weekly earnings are	$496.00 (40 $12.40)
The overtime rate is	$18.60 ($12.40 1.5)
If French works 4 hours overtime, additional earnings for the 4 hours are	$74.40 (4 $18.60)
French's weekly gross earnings are	$570.40 ($496.00 + $74.40)
If paid only for time actually worked and she works only 36 hours during a week, French earns	$446.40 (36 $12.40)

Under the decimal system of computing time worked at Timmerman Company, production workers who are tardy are "docked" according to the schedule shown below.

Minutes Late in Ringing in	Fractional Hour Deducted
1 through 6	1/10
7 through 12	2/10
13 through 18	3/10
19 through 24, etc.	4/10

The regular hours of work, Monday through Friday, are from 7:30 to 11:30 A.M. and from 12:30 to 4:30 P.M. During one week, Henry Vanderhoff, who earns $13.00 an hour, reports in and checks out as shown below. Employees are not paid for ringing in a few minutes before 7:30 and 12:30 nor for ringing out a few minutes after 11:30 and 4:30.

(a)