Num: In this chapter and in all ding work throughout the course, unlock intructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal paces and then round cl to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and onc-half to determine the overtime rate). 2. If the third decimal place or more, round to the next higher cont. 3. If the third decimal plot is less than 5, simply drop the thind clecimech. Dxamples: Monthly rate $1,027 Weekly rate ($1,827 * 1252 = $121.615 rounded to $121.62 Hourly rate $121.62/40 = $10.540 rounded to $10.54 0.T. rate $10.542.5 - $15.01 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. FIGURE 2.3 Time Card 31 Tandem 1?, 30. MINE. OBELE EN 9.7-NTI UN 100 16 TER 2. STESSO L. wer Dry SPARTY SALES 1 l 13 1: 27 2121 State Telecom 2131F 211 411 +H 4 . Potts, Inc, recently converted from a 5 day, 40 hour workacek ta a 4-day, 40 hou' workweek, with overtime continuing to be paid stone and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company, time is recorded under the continental system, shown on the time cand below. Sue Elen Boggs is part of the Group B employees whose regular workweuk is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 ta 1639; and 1800 ta 2000. The company disregards any time before 809,between 1200 and 1230, and between 1530 and 1800, and permits play laringin up to 10 minutes late blere any declution is made for larclines. Deductions made to the nearest 1/4 of an hour or workers na are more than 10 minutes late in ringing in. Putts, Inc., recently converted from a 5-day, 10-hour workweek to a 4-day, 10-hour workweek, with overt me continuing to be paid at one and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company time is recorded under the continental system, as shown on the time card below. Sue Ellen Bogge is part o the Group Bemplayers whose regular werkweek is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 to 1630; and 1800 to 2000. The company disregards any time before ACO, between 1200 and 1230, and between 1639 and 1800, and permits Hinges to ring in up to 10 minutes late before any deduction is made for Lardiness. Deductions are made to the nearest 1/4 of an hour for workers who are more than 10 minutes late in tinging in, No. 160 $7.40 Rate Sue Eller 0.1 $11.100 Rate Time Name Boggs Mon Tues Wed Thurs FM Sat 2002 2001 2005 2000 1801 1800 1802 1800 3 1630 16311630 1635 1230 12323230 1235 1200 1202 1200 1203 1201 5 S Total 5 755 750 013 759 DOU for Week Daly lial (5) Totals Remarks 13 minutes lace Murvy - ar. Reer ta the time card and compute the folowing a. The daily total hours. Enter any fraction of an hour as a decimal. For example 24 hours would be entered as 2.25. Tuesday hours Wednesday hours Thursday hours Friday heurs Saturday hours Notes For [b]-(e), round hours and carnings to two decimal places. b. The total hours for the week. hours 6. The regular weynings Refer to the time card and compute the following: a. The daily total hours. Enter any fraction of an hour as a decimal. For example 24/4 hours would be entered as 2.25. Tuesday hours Wednesday hours Thursday hours Friday hours Saturday hours Note: For (b)-(e), round hours and earnings to two decimal places. b. The total hours for the week. hours c. The regular weekly earnings. d. The overtime earnings (company rounds O.T. rate to 3 decimal places). e. The total weekly earnings. Num: In this chapter and in all ding work throughout the course, unlock intructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal paces and then round cl to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and onc-half to determine the overtime rate). 2. If the third decimal place or more, round to the next higher cont. 3. If the third decimal plot is less than 5, simply drop the thind clecimech. Dxamples: Monthly rate $1,027 Weekly rate ($1,827 * 1252 = $121.615 rounded to $121.62 Hourly rate $121.62/40 = $10.540 rounded to $10.54 0.T. rate $10.542.5 - $15.01 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. FIGURE 2.3 Time Card 31 Tandem 1?, 30. MINE. OBELE EN 9.7-NTI UN 100 16 TER 2. STESSO L. wer Dry SPARTY SALES 1 l 13 1: 27 2121 State Telecom 2131F 211 411 +H 4 . Potts, Inc, recently converted from a 5 day, 40 hour workacek ta a 4-day, 40 hou' workweek, with overtime continuing to be paid stone and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company, time is recorded under the continental system, shown on the time cand below. Sue Elen Boggs is part of the Group B employees whose regular workweuk is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 ta 1639; and 1800 ta 2000. The company disregards any time before 809,between 1200 and 1230, and between 1530 and 1800, and permits play laringin up to 10 minutes late blere any declution is made for larclines. Deductions made to the nearest 1/4 of an hour or workers na are more than 10 minutes late in ringing in. Putts, Inc., recently converted from a 5-day, 10-hour workweek to a 4-day, 10-hour workweek, with overt me continuing to be paid at one and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company time is recorded under the continental system, as shown on the time card below. Sue Ellen Bogge is part o the Group Bemplayers whose regular werkweek is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 to 1630; and 1800 to 2000. The company disregards any time before ACO, between 1200 and 1230, and between 1639 and 1800, and permits Hinges to ring in up to 10 minutes late before any deduction is made for Lardiness. Deductions are made to the nearest 1/4 of an hour for workers who are more than 10 minutes late in tinging in, No. 160 $7.40 Rate Sue Eller 0.1 $11.100 Rate Time Name Boggs Mon Tues Wed Thurs FM Sat 2002 2001 2005 2000 1801 1800 1802 1800 3 1630 16311630 1635 1230 12323230 1235 1200 1202 1200 1203 1201 5 S Total 5 755 750 013 759 DOU for Week Daly lial (5) Totals Remarks 13 minutes lace Murvy - ar. Reer ta the time card and compute the folowing a. The daily total hours. Enter any fraction of an hour as a decimal. For example 24 hours would be entered as 2.25. Tuesday hours Wednesday hours Thursday hours Friday heurs Saturday hours Notes For [b]-(e), round hours and carnings to two decimal places. b. The total hours for the week. hours 6. The regular weynings Refer to the time card and compute the following: a. The daily total hours. Enter any fraction of an hour as a decimal. For example 24/4 hours would be entered as 2.25. Tuesday hours Wednesday hours Thursday hours Friday hours Saturday hours Note: For (b)-(e), round hours and earnings to two decimal places. b. The total hours for the week. hours c. The regular weekly earnings. d. The overtime earnings (company rounds O.T. rate to 3 decimal places). e. The total weekly earnings