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

question 56

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 . Ides receives 16 cents for every unit produced. Ides produces 2,976 pieces in a 43-hour
workweek. For overtime, Ides is paid a sum equal to one-half the regular hourly pay rate multiplied by the number
of overtime hours. Ides' total piecework and overtime earnings are __________.

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Definitions:

Medulla

The inner region of an organ or tissue, or specifically the lower part of the brainstem that controls vital functions such as heart rate and breathing.

Grasping Object

The action or ability to hold something firmly with the hands or arms, an important milestone in infant development.

Ulnar Grasp

A method of grasping objects in which the fingers close somewhat clumsily against the palm.

Neural Connections

The links between neurons (nerve cells) in the brain and nervous system that facilitate the transmission of signals and the processing of information.