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  3. o.t. rate $10.541.5=$15.81 also, use the minimum

O.T. rate $10.541.5=$15.81 Also, use the minimum hourly wage of $7.25 in solving...

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Accounting

O.T. rate $10.541.5=$15.81
Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.
Example 2-9
John Escobar is paid an hourly rate of $18.50 per hour, and he worked 49 hours this week. His gross pay is:
40 hours $18.50=$740.00 regular earnings
9 hours $27.75($18.501.5)=249.75overtime earnings
Total gross pay =$989.75?
John Porter is an hourly employee of Motter Company located in New York City. This week, Porter had to travel to the company's regional office in Albany. He left Sunday at noon and arrived in Albany at 3:00 P.M. During the week, he worked his normal 40 hours in the Albany office (Monday through Friday-9 A.M. to 5 P.M.). In addition, he attended the company's mandatory 5-hour work training session on Wednesday evening. Porter's hourly rate of pay is $16.45 per hour.
Round the overtime rate to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent.
a. Porter's overtime earnings for the week are
b. Porter's total earnings for the week are
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a. Calculate overtime hours and multiply by overtime rate.
b. Add regular earnings and overtime earnings.
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