What is his hourly rate of pay if a regular workweek is 42 hours and overtime is paid at time-and-a-half the regular rate of pay?

A wage earner receives a gross pay of $699.93 for 52.5 hours of work. What is his hourly rate of pay if a regular workweek is 42 hours and overtime is paid at time-and-a-half the regular rate of pay?

Solutions

Expert Solution

Total hours = 52.5

Regular hours = 42.0

Overtime hours = 10.5

At time-and-a-half, 10.5 overtime hours are equivalent to 10.5×1.5 =15.75 regular hours Hourly rate of pay = 699.93/57.75 = $12.12

The overtime hours rate is $15.75 and the regular hours rate is $12.12

The overtime hours rate is $15.75 and the regular hours rate is $12.12.

Renze Joy Candido answered 1 year ago

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