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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Paul Curcio earns $8.25 per hour for regular time up to 40 hours, time-and-a-half for overtime, and double time for the midnight shift. Last week Paul worked 58 hours, including 6 hours on the midnight shift. What are his gross earnings?

To determine

To calculate: The Paul Curcio’s gross earnings, if he worked for 58 hours, including 6 hours of midnight shift last week and was paid time-and-a-half for weekly hours over 40, double time for midnight shift. He earns $8.25 per hour.

Explanation

Given Information:

The provided number of hours worked 58 including 6 hours of midnight shift and hourly rate is $22.34.

Formula used:

To calculate gross pay by hourly wages:

Step 1: Calculate employee’s regular gross pay for 40 or less hours of work.

Regular pay=Hourly rate×Regular hours worked

Step 2: Calculate employee’s overtime pay by multiplying hourly rate to overtime factor and to number of overtime hours.

Overtime pay=Hourly rate×Overtime factor×Overtime hours worked

Step 3. Calculate total gross pay.

Total gross pay=Regular pay+Overtime pay

Calculation:

Total number of hours Paul Curcio’s worked is 58, he worked for 40 regular hours and 6 hours of midnight shift.

So, number of hours he worked overtime is calculated as,

Number of overtime hours = 58(40+6)=5846=12

First calculate Paul Curcio’s regular gross pay for 40 hours of work, consider hourly rate as $8.25 and 40 hours of regular work.

Regular pay=Hourly rate×Regular hours worked=8

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