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 ne 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. Tip: always round hourly and overtime rates to the nearest cent (2 decimal places) before using those rates in subsequent calculations. 1. This week, Carla Maloney, a waitress, received $80 in tips from customers and worked 40 hours, Carla keeps her tips but reports the amount to her employer. Her employer pays her minimum wage and takes the full tip credit. What gross pay does the business owe Maloney, assuming the business does not violate the FLSA? Show your work and highlight your final answer. Minimum gross weekly pay = hours worked X minimum hourly wage rate -weekly tip received TIP: CHECK YOUR ANSWER. DOES TIPS + PAY (YOUR ANSWER) = GROSS PAY FOR 4O HRS. AT MINIMUM WAGE? IFNOT, TRY AGAIN. 2. Fall is paid a biweekly salary of $937.50. Overtime is paid for hours beyond 40 in each workweek. One week, Fall works 3 hours overtime. What is Fall's pay for this biweekly pay period? Show your work and highlight your final answer, See ex. 2-13 for help. 3. Moe receives 16 cents for every unit produced. Moe produces 2,976 pieces in a 43 -hour workweek. Moe is paid time-and-a-half for overtime hours. The business uses method A to determine overtime pay. What is Moe's total earnings for this workweek? Show your work and highlight your final answer. See Ex, 2-23 for help. 4. Sam Tully works two separate jobs for Mountain Company. During the week, Job A consisted of 38 hours at $18 per hour: Job B involved 15 hours at $14 per hour. Your textbook Sescribes a method in which you determine an average rate per hour (Method 2 of Ex. 2-11). This is referred to as the overage rate method for determining overtime. Please make a note of this because you'll have a problem similar to this on the exams in which you'll be instructed to use the average rate method. What is Sam's total earnings for this workweek if Mountain Company uses the average rate method for calculating overtime? Show your work and highlight your final answer. 5. James receives an annual $25,700 base salary for working a territory in Washington. James' sales quota is $900,000 annually, and he receives an 8% commission on all sales in excess of $900,000. This year, his sales are $965,000. What is James' total earnings for this year? Show your work and highlight your final answer. See Ex. 2-25 for help. 6. Mary earns an hourly wage of $13.67. This week she worked 44 hours and earned a production bonus of $37.10. The production bonus is considered usual and expected. A bonus that's usual and expected, and awarded regularly, is referred to as a nondiscretionory bonus. In other words, it's not awarded at the management's discretion-it's a normal part of the pay structure. What is Mary's total earnings for this workweek? Show your work and highlight your final answer. See Ex. 2-26 for help