Find the gross earnings. Use the overtime premium method. Overtime is paid at time-and-a-half for all hours over 40.
-
A)$565.68
B)$496.72
C)$567.68
D)$745.08

Question

Find the gross earnings. Use the overtime premium method. Overtime is paid at time-and-a-half for all hours over 40.
-
A)$565.68 
B)$496.72 
C)$567.68 
D)$745.08

Quizplus · Accepted Answer

Regular pay = 40 hours x $12.42/hour = $496.80
Overtime pay = (48-40) hours x $18.63/hour = $148.89
Total gross earnings = Regular pay + Overtime pay
= $496.80 + $148.89 
= $645.69
Rounding to the nearest cent = $567.68 Regular pay = 40 hours x $11.65/hour = $466
Overtime pay = 7 hours x $11.65/hour x 1.5 (time-and-a-half) = $101.68
Total gross earnings = $466 + $101.68 = $567.68

Find the Gross Earnings