Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 166

Using the information from , find the earnings at the regular rate, the earnings at the overtime rate, and the gross earnings for each employee. Round to the nearest cent. (See Example.)
Completing a Payroll Ledger with Overtime
Complete the following payroll ledger.
SOLUTION

Both employees worked more than 40 hours. Gross earnings at the regular rate can now be found as discussed earlier. Lanier earned 40 × $8.30 = $332 at the regular rate, and Morse earned 40 × $9.48 = $379.20 at the regular rate. To find overtime earnings, first find the number of overtime hours worked by each employee.

The regular rate given for each employee can be used to find the time-and-a-half rate.