Quiz 1 Problem Instruction ? Unless instructed otherwise, compute hourly rate 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, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Abel works a 374-hour week at $10.75 an hour. Overtime hours (hours worked beyond the 37.5 hour workweek) are paid at 1/2 times the regular rate. Round your answers to the nearest cent. a. For 3742 hours, Abel's regular weekly earnings are s b. Abel's overtime rate is $ c. If Abel works 6 hours overtime during one week, Abel's total gross earnings are su Previous Next Time Remaining: 1:41:21 All work saved. Email Instructor Submit Test for Grading