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.

Solution

Solution:

Barbara Ripa Regular income for 40 hours a week = $824

Rate per regular hour = $824/40 = $20.60 per hour

Overtime rate = 1.5 time of regular rate = 1.5*20.60 = $30.90 per hour

Income for 43 hours work week = (40 * 20.60) + (3*30.90) = $917