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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

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 37-hour week at $10.75 an hour. Overtime hours are paid at 1 times the regular rate. Round your answers to the nearest cent.

a. Abel's regular weekly earnings are $__________

b. Abel's overtime rate is $____________

c. If Abel works 6 hours overtime during one week, Abel's total gross earnings are $_________

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