Round 506.57915 to the nearest hundredth.
1 answer:
You might be interested in
Answer:
Hourly rate: $17.
Hourly overtime rate: $25.5.
Step-by-step explanation:
Let x represent Jim's hourly pay.
We have been given that Jim worked 40 hours last week. So amount paid in 40 hours would be .
We are also told that his over time pay is time-and-a-half rate that is .
The amount earned for working 8 overtime hours would be .
Since Jim's gross pay was $884, so we will equate amount earned in 40 hours and 8 hours of overtime with 884 as:
Therefore, Jim's hourly rate is $17.
Overtime rate would be
Therefore, Jim's hourly overtime rate is $25.5.