Question

What is the gross annual pay for Saul if he works 40 hours each week but also works 4 hours of overtime every two weeks? (Saul makes $27.35 an hour and gets time and a half for overtime.

Answer 1

Answer:

$58310.72

Step-by-step explanation:

Saul Works 40 hours per week

There are a total of 52 Weeks in a Year

Therefore total work for time in a year=  (52X40) hours =2080 hours

Pay Per Hour for Time = $27.35

Total Pay for Time = $27.35 X 2080 = $56888

For overtime, he works 4 hours every 2 weeks

Total overtime duration = 4 X (52/2) = 4 X 26=104

Pay Per overtime hour = Half of $27.35 = $13.68

Total Overtime Pay = $13.68 X 104 =$1422.72

Gross Annual Pay= Total Pay for Time + Total Overtime Pay

=$56888+1422.72

= $58310.72

Answer 2

Answer: Saul's gross annual pay is $61,115.12

Step-by-step explanation:

There are 52 weeks in a year, so if Saul works 40 hours per week, in a year he would have worked for:

40 × 52 = 2080 normal hours

If Saul earns $27.35 per hour, for the 2080 normal hours he works in a year, he would earn:

2080 × 27.35 = $56,888 (for normal time)

Recall that Saul works 4 hours overtime every two weeks.

We divide 52 weeks by 2, to find the total number of weeks he works overtime in a year

= 52/2 = 26 weeks.

Saul worked 4 hours overtime per week in the period he worked overtime.

So, calculating the number of hours he worked overtime in a year, we multiply 4 hours of his overtime per week by the number of weeks he worked overtime (26 weeks).

4 × 26 = 104 hours overtime in the year.

Since he gets a time and a half overtime, it means he earns 1.5 times his normal time pay as overtime earnings.

So, his normal earning = $27.35

Half his normal earning = $13.68

Overtime earning = $27.35 + 13.68 = $41.03

So, he earns $41.03 for every hour he works overtime. Then, if he works 104 hours overtime in a year, his earning on overtime alone in the year=

104 hours × $41.03 = $4, 267.12

To calculate his gross annual pay, we add up his earnings for normal time in the year and his earning for overtime in the same year:-

= $56,888 + $4,267.12

= $61,115.12

Therefore, Saul's gross annual pay is $61,115.12