In: Accounting
Ans) Hourly rate = $40
Overtime rate = $40 + $40 * 50% = $40 + $20 = $60
Total hours worked = 48hours
Normal hours worked = 40hours
Overtime hours worked = 8hours
Gross pay = $40 * 40hours + $60 * 8hours
= $1,600 + $480
= $2,080
option 2