{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T08:25:27-04:00", "answer_date": "2024-06-28 08:25:27", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4274159", "url": "\/study-help\/questions\/note-in-this-chapter-and-in-all-succeeding-work-throughout-4274159", "question_creation_date_js": "2024-06-28T08:25:27-04:00", "question_creation_date": "Jun 28, 2024 08:25 AM", "meta_title": "[Solved] Note: In this chapter and in all succeedi | SolutionInn", "meta_description": "Answer of - Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise , calculate hourly | SolutionInn", "meta_keywords": "note,chapter,succeeding,work,course,instructed,hourly,rates,overtime,1,carry,rate", "question_title_h1": "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", "question_title": "Note: In this chapter and in all succeeding work throughout the course,", "question_title_for_js_snippet": "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 81Also, use the minimum hourly wage of $7 25 in solving these problems and all that follow Kelsey Gunn is the only employee of Arsenault Company His pay rate is $23 00 per hour with an overtime rate of 1 times for hours over 40 in a workweek For the week ending March 31, 20 , he worked 44 hours Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay ", "question_description": "

Note:<\/em> In this chapter and in all succeeding work throughout the course, unless instructed otherwise<\/em><\/strong>, calculate hourly rates and overtime rates as follows:<\/p>

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:<\/em>Monthly rate $1,827<\/p>

Weekly rate ($1,827 12)\/52 = $421.615 rounded to $421.62<\/p>

Hourly rate $421.62\/40 = $10.540 rounded to $10.54<\/p>

O.T. rate $10.54 1.5 = $15.81Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.<\/p>

Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an overtime rate of 1 times for hours over 40 in a workweek.<\/p>

For the week ending March 31, 20--, he worked 44 hours. Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay.<\/p>", "transcribed_text": "", "related_book": { "title": "Data Analysis And Decision Making", "isbn": "538476125, 978-0538476126", "edition": "4th Edition", "authors": "Christian Albright, Wayne Winston, Christopher Zappe", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/415.jpg", "uri": "\/textbooks\/data-analysis-and-decision-making-4th-edition-415", "see_more_uri": "" }, "free_related_book": { "isbn": "B083XVDMH6", "uri": "\/textbooks\/simplified-echo-dot-manual-for-beginners-updated-amazon-echo-dot-2nd-and-3rd-gen-user-guide-for-seniors-with-alexa-1st-edition-979-8602491562-297772", "name": "Simplified Echo Dot Manual For Beginners Updated Amazon Echo Dot 2nd And 3rd Gen User Guide For Seniors With Alexa", "edition": "1st Edition" }, "question_posted": "2024-06-28 08:25:27", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/on-january-1-2015-white-water-issues-600000-of-7-208439", "description": "On January 1, 2015, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. 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