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mr_godi [17]
3 years ago
10

An employee is paid a salary of \$73,840 per year, plus benefits and overtime (time and a half) on hours worked over 40 per week

, working as a civil servant. What is the regular time hourly rate of pay for this employee, and what is her total income in a month where she works 40 hours, 44 hours, 43.5 hours, and 40 hours, weekly, in the month?
A.$37.00/hr and \$6,336.25 in total income
B. $35.50/hr and \$6,079.38 in total income
C.$37.50/hr and \$6,421.88 in total income
D.$36.00/hr and \$6,165.00 in total income
Mathematics
1 answer:
gulaghasi [49]3 years ago
4 0

Answer:

B. $35.50/hr and \$6,079.38 in total income

Step-by-step explanation:

Given the following :

Total regular pay earning for the year = $73,840

Let basic salary = b

Overtime = 1.5b

Regular earning per week :

Regular year earning / number of weeks per year

$73840 / 52 = $1420

Regular hours = 40

Regular earning per week = $1420

Regular earning per hour = $1420 / 40

Regular earning per hour = $35.50

Number of overtime hours :

4 hours + 3.5hours = 7.5hours

Overtime pay per hour = 1.5 * regular earning

Overtime pay per hour = 1.5 * 35.5 = $53.25

Total overtime pay = Overtime pay per hour * Number of overtime hours

Total overtime pay = $53.25 * 7.5

Total overtime pay = 399.375

Total pay for the month :

160 regular hours + 7.5 overtime hours

(160 * 35.5) + $399.375

$5,680 + 399.375 = $6,079.375

= $6,079.38

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