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Ima Smart earns $2,990 each month and works 40 hours each week. Compute the following...

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Question

Accounting

  1. Ima Smart earns $2,990 each month and works 40 hours each week. Compute the following (8 points):

a) The hourly rate: _________ (4 points)

b) The overtime rate at time and one-half: __________ (4 points)

  1. Kerri Oki earns $2,800 each month and works 40 hours each week. One week, Kelly worked 46 hours. Calculate the following (12 points):

a) Regular earnings for the week: __________ (6 points)

b) Overtime earnings for the week: __________ (6 points)

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