Computing overtime rate of pay and gross weekly pay rebecca huang receives a regular salary of $2,600 a month and is paid 1½ times the regular hourly rate for hours worked in excess of 40 per week. a. calculate huang’s overtime rate of pay. if required, round your answer to the nearest cent. $ overtime pay per hour b. calculate huang’s total gross weekly pay if she works 45 hours during the week. if required, round your answer to the nearest cent. $

a). Overtime rate=$24.375

b). Huang's total gross weekly pay=$771.875

Explanation:

Step 1

Determine regular hours per month

1 month=4 weeks

Each week has 40 regular working hours

4 weeks=4×40=160 working hours

Step 2

Determine the regular hourly rate using the expression;

regular salary=regular rate per hour×number of regular working hours

where;

regular salary=$2,600

regular rate per hour=x

number of regular working hours=160

replacing;

2,600=x×160

160 x=2,600

x=2,600/160

x=16.25

The regular rate per hour=$16.25

a). Determine overtime rate

Overtime rate=1.5 times the regular rate per hour

Overtime rate=1.5×16.25=$24.375

Overtime rate=$24.375

b).

Gross pay=(regular rate×regular time)+(overtime rate×overtime time)

where;

regular rate=16.25 per hour

regular time=40 hours

overtime rate=24.375

overtime time=45-40=5 hours

replacing;

Gross pay=(16.25×40)+(24.375×5)=650+121.875=771.875

Huang's total gross weekly pay=$771.875