Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This is the example given. (1) Higher Rate for Overtime Hours One could pay at the higher rate for the overtime hours. Formula Hours Amount
This is the example given.
(1) Higher Rate for Overtime Hours One could pay at the higher rate for the overtime hours. Formula Hours Amount Hours Worked, Job A: 30.0 30.0 hours x $14.75 $442.50 -266.70 Hours Worked, Job B: 14.0 14.0 hours x $19.05 ($19.058 x 0.5) $9.53, rounded Overtime hourly rate Overtime Hours: 4.0 $9.53 x 4.0 hours 38.12 $747.32 Gross Earnings a-the higher of the two Give It A Try Note: Round interim calculations to two decimal places. Use rounded amounts in subsequent computations. And, round your final answer to two decimal places. Compute George Clooney's earnings using the three methods outlined above. Assume that he makes $16.25 per hour for Job A and $18.45 per hour for Job B. Of the 42 hours worked during the week, he completed 20 hours for Job A, switched and completed 22 hours for Job B. His overtime hours can be attributed to Job A. Higher Rate for Overtime Hours 20 Hourly Rate, Job A 22 Hourly Rate, Job B 16.25 Regular Total Pay, Job A $ 325 Regular Hours, Job A 18.45Regular Total Pay, Job B 405.90 Regular Hours, Job B 2 Hourly Rate, Overtime 8.12 X Overtime Total Pay 16.25 X Overtime Hours Total Gross Earnings $ 747.15 XStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started