Instruction 2-1 Unless Instructed Otherwise, Compute Hourly Rate and Overtime

question 89

Essay

Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:  
1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate).
2. If the third decimal place is 5 or more, round to the next higher cent.
3. If the third decimal place is less than 5, drop the third decimal place.
Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.
Refer to Instruction 2-1 Abel works a 37 1/2 hour week at $10.75 an hour. Overtime hours are paid at 1 1/2 times the regular rate.
(a) Abel's regular weekly earnings are  ____________.
(b) Abel's overtime rate is  _____________.
(c) If Abel works 6 hours overtime during one week,  calculate Abel's total gross earnings  ____________.

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Definitions:

Variable-Interval

A schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed.

Unpredictable

Describes something or someone that is not able to be predicted, due to variability in behavior or characteristics.

Reinforced

A process in which a behavior is strengthened by the outcome that follows it, making it more likely to occur in the future.

Positive Responses

Reactions or feedback that are affirmative, favorable, or supportive in nature, indicating agreement, pleasure, or endorsement.