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 overtime 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 x 12)/52 - $421.615 rounded to $421.62 Hourly rate $421,62/40 - $10.540 rounded to $10.54 O.T. rate $10.54 x 1.5 - $15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow Example 2-9 Joh Dilcher is paid an hourly rate of $18,50 per hour, and he worked 49 hours this week. His gross pay is 40 hours x $18.50 = $740.00 regular earnings 9 hours x $27.75 ($18.50 X 1.5) 249.75 overtime earnings Total gross pay $989.75 in woond hours information for live employees of Somdo Enterprises for the week ended April 7 le given below. Employees work a standard 40-Noor workweek and are paid time and of will lours over om each workweek If required, round your answers to two decimal places and use the rounded answers in subsequent computations. Round your final answers to ors to the nearest cent a. For each employee, compute the regular earnings, overtime rate, overtime mamings, and total caminos 3. Compute the total gross coming for all employees Employee Hours Worked Regular Hourly Wage Rate Regular Earnings Overtime Rate Overtime Earnings Total Gross Earnings WH 43 $11.90 Aha, 14:20 47 13.00 Show Cum, 10.70 McMurray, 17.10 grooming