Determine Hourly Regular and Overtime Wage Rates

Determine the regular and overtime wage rates for each employee. All are paid overtime wage rates that are $1\mathrm{.}5$ times their respective regular wage rates.

NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

$1$:Alice Rhoades earns a weekly wage of $$1,200.$ During the most recent week, she worked $48$ hours.

Regular Wage Rate $=$ $

Overtime Wage Rate $=$ $

$2$:Hank Long earns a biweekly wage of $$3,400.$ During the most recent week, she worked $45$ hours.

Regular Wage Rate $=$ $

Overtime Wage Rate $=$ $

$3$:Barry Adams earns an annual salary of $$80,000.$ During the most recent week, she worked $59$ hours.

Regular Wage Rate $=$ $

Overtime Wage Rate $=$ $

$4$:Sue Martin earns a monthly salary of $$5,500.$ During the most recent week, she worked $41$ hours.

Regular Wage Rate $=$ $

Overtime Wage Rate $=$ $

$5$:Gary McKay earns a semimonthly salary of $$2,200.$ During the most recent week, he worked $48$ hours.

Regular Wage Rate $=$ $

Overtime Wage Rate $=$ $