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 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 2-27

Els Company instituted a perfect attendance program. The bonus ($2,184) is paid in January for the previous year. John Garcia worked 42 hours each week during the year and earned the bonus. The extra overtime pay due Garcia is:

$2,184 52	=	$42/week
$42 42 hours	=	$1.00 bonus for each hour
$1.00 0.5	=	$0.50 extra overtime rate
$0.50 2 overtime hours/week 52 weeks	=	$52 extra earnings

Connie Gibbs collected a $2,000 bonus for her department's safety record for the year (52 weeks). During that year, Gibbs worked an average of 44 hours each week. Calculate the extra overtime pay due Gibbs for that year.

Note: For each calculation, round to 2 decimal places before continuing to next computation. At next step, round to 2 decimal places. And then, round your final answer to the nearest cent.

Extra overtime pay $