Compute the hourly and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate) 2. If the third decimal place is "5" or more round to the next highest cent 3. If the third decimal place is less than "5" drop the third decimal place 4. Do not put a "$" in the answer. If you calculate an answer of $101.92, enter "101.92" Jack Ghims works a 40-hour week with overtime paid at one and one-half times his regular rate of pay of $14.88. This week he worked 42 hours which resulted in a gross pay of ...
Compute the hourly and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate) 2. If the third decimal place is "5" or more round to the next highest cent 3. If the third decimal place is less than "5" drop the third decimal place 4. Do not put a "$" in the answer. If you calculate an answer of $101.92, enter "101.92" Jack Ghims works a 40-hour week with overtime paid at one and one-half times his regular rate of pay of $14.88. This week he worked 42 hours which resulted in a gross pay of ...
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute the hourly and overtime rates as follows:
1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate)
2. If the third decimal place is "5" or more round to the next highest cent
3. If the third decimal place is less than "5" drop the third decimal place
4. Do not put a "$" in the answer. If you calculate an answer of $101.92, enter "101.92"
Jack Ghims works a 40-hour week with overtime paid at one and one-half times his regular rate of pay of $14.88. This week he worked 42 hours which resulted in a gross pay of ...
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