Question

David is paid a salary of $1850 per month. He is also paid time and a half for work in excess of 40 hours a week. He worked 62 hours last week. What is his gross pay?

Answer 1

Answer:

$1,471.5625

Step-by-step explanation:

Monthly salary = $1850

Weekly salary = $1850/4 weeks

= $462.5

Hourly rate = $462.5/40 hours

= $11.5625

Overwork time = 62 hours - 40 hours

= 22 hours

Time and a half = 1.5 times the normal salary

Overwork time payment per hour = 1.5 × $11.5625

= $17.34375

Overwork time payment for 22 hours = 22 × $17.34375

= $381.5625

Last week salary = weekly salary + overtime payment

= $462.5 + $381.5625

= $84.0625

Gross salary for the month = 3 weeks regular salary + last week salary

= (3 × $462.5) + $84.0625

= $1387.5 + $84.0625

= $1,471.5625