Tony Is a Salaried, Nonexempt Employee Who Earns $37,400 for a Standard

Multiple Choice

Tony is a salaried, nonexempt employee who earns $37,400 for a standard 40-hour workweek. During a biweekly pay period, he worked 3.5 hours overtime. What is his overtime-hourly rate? (Round to the nearest cent.)

A) $29.23 per hour
B) $24.49 per hour
C) $17.98 per hour
D) $26.97 per hour