Signature Gary A. Schneider company, time is recorded under the continental system, as shown on the time card below. than 10 minutes late in ringing in. Pay Ending October 17, 20-- GARY A. SCHNEIDER 000007471 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 ($1,82712)/52=$421.615 rounded to $421.62 Hourly rate $421.62/40=$10.540 rounded to $10.54 O.T. rate $10.541.5=$15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. 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 21/4 hours would be entered as 2.25 . 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