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)

The hours worked and the hourly wage rates for five employees of Kagan Company for the week ended September 9 follow.

If required, round your answers to the nearest cent and use the rounded answers in subsequent computations.

a. For each employee, compute the gross earnings.

b. Compute the total gross earnings for all employees.

Employee	Hours Worked	Regular Hourly Wage Rate	Gross Earnings
Darley, R.	38	$8.05	$
Waxman, B.	37	7.80
Isaac, J.	39	7.70
Bruner, H.	35	8.05
Kellogg, P.	30	8.30
		Total gross earnings	$