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

question 92

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 . Every two weeks, Linda Corson is paid $650. Corson works a 32-hour week. For overtime, she receives extra pay at the regular hourly rate up to 40 hours. For any hours beyond 40 during the workweek, she receives time and one-half. During one biweekly pay period, she worked 17 hours overtime. Only 3 hours of the overtime were beyond 40 hours in any one week. Corson's gross earnings for the biweekly pay period are __________.

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Definitions:

Gestalt Therapist

A practitioner of gestalt therapy, a form of psychotherapy focusing on awareness and integration of the individual's experiences at the present moment.

Family Therapy

A form of psychotherapy that involves treating family members together to heal relationships and improve communication.

Individual Therapy

A form of psychotherapy in which a therapist works one-on-one with a client to address their personal issues and strategies for their resolution.

Systematic Desensitisation

A therapeutic process used to reduce phobia or anxiety through gradual exposure to the feared stimulus combined with relaxation techniques.