Barbara Ripa receives 82400 for a regular 40hour week and ti

Barbara Ripa receives $824.00 for a regular 40-hour week and time and one-half for overtime. For a workweek of 43 hours, compute the following amounts. If required, round your interim computations to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a. The regular earnings $ 824 b. The overtime earnings $ 92.70 c. The total earnings $ 916.70

Solution

Answer:

a.The regular Earnings = $ 824 / 40 = $ 20.6 per hour

b.Overtime Earnings = $ 20.6 / 2 = $ 10.3 per hour

Overtime = 3 hours therefore total overtime earnings = $ 10.3 x 3 = $ 30.9

c. The total Earnings = $ 824 + $ 30.9 = $ 854.9