EX $2-26($Algo$)$ Overtime Cost $($LO $2-5)$

$[$The following information applies to the questions displayed below.$]$

A computer operator at a blog hosting company earns $$17\mathrm{.}00$ per hour. By contract, the employee earns $$25\mathrm{.}50($time and a half$)$ for overtime hours. The operator worked $44$ hours during the first week of May, and overtime is paid after the usual $40$ hours.

$2-26($Algo$)$ Part $2$: Calculate the employee's total overtime premium for the week.

$2.$ Calculate the employee's total overtime premium for the week.

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Total overtime premium