BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Rhae is a sanitation worker. He worked 58 hours this week. If Rhae’s regular pay is $10.45 per hour, what is his gross pay for this period?

A	$587.2
B	$585.2
C	$587.4
D	$585.4

Explanation:

Detailed explanation-1: -How to Calculate Gross Pay with overtime. Federal labor law regulates the minimum overtime you must pay an employee. To Calculate Gross Pay with overtime, it is 1 and 1/2 times the employee’s hourly rate for any hours worked over 40 in a week. You can pay overtime at a higher rate, but not any lower rate.

Detailed explanation-2: -Straight-time pay is the total amount of money you earn in a given pay period. It is calculated based upon your hourly rate of pay. To determine your straight-time pay, multiply the number of hours you worked by your hourly rate. Find the straight-time pay.

Detailed explanation-3: -Overtime pay is calculated: Hourly pay rate x 1.5 x overtime hours worked. Here is an example of total pay for an employee who worked 42 hours in a workweek: Regular pay rate x 40 hours = Regular pay, plus. Regular pay rate x 1.5 x 2 hours = Overtime pay, equals.

There is 1 question to complete.