To work through this problem, we can first calculate how much money Joe earned at regular pay: 40 (number of hours) x 13.5 (pay rate) = 540 (in dollars)
Now, before we figure out how much he earned working overtime, we must calculate his overtime pay rate (time and a half). We do this by multiplying his normal pay rate by 1.5: 13.5 x 1.5 = 20.25 ($/hr.)
Now we can calculate his overtime total: 8 (number of hours) x 20.25 (overtime pay rate) = 162 (in dollars)
So, to find the total amount of money Joe earned, we have to add the two totals together:
Absolute value is always positive because its talking about the real distance or steps to zero and even when you at a negative number it takes real steps to get back to zero.
First, you have to find how much 7.5% is coming out of 10,000. So in this case it's 750. Multiply 750 by 12 years. Thats 9000, you then subtract 9000 and 10,000 to get 1,000.
