Question

Wilcorp has 50 employees who work 40 hours a week and earn $20/hour. Fifteen employees each worked 4 hours of overtime at 50% above their hourly rate. What percentage of the total payroll that week was overtime pay? Round your answer to the nearest tenth, if necessary.

Answer 1

50 X (40 X$20) = 50 X $800 = $40,000

15 X (4 X (50% X $20+ $50)) = 15 X (4 X $60) = 15 X 240 = $3600

$40,000 + $3600 = $43,600 Total payroll

$3,600/$43,600 = .0825688073 as a percent rounded to the nearest tenth is 8.3%