PSB $2-5$ 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. $1$:Kevin Williams earns a weekly wage of $$740.$ During the most recent week, he worked $42$ hours. Regular Wage Rate $=$ $ Overtime Wage Rate $=$ $ $2$:Charles Joyner earns a biweekly wage of $$2,720.$ During the most recent week, he worked $45$ hours. Regular Wage Rate $=$ $ Overtime Wage Rate $=$ $ $3$:Julio Valdez earns an annual salary of $$81,000.$ During the most recent week, he worked $44$ hours. Regular Wage Rate $=$ $ Overtime Wage Rate $=$ $ $4$:Bridget Stein earns a monthly salary of $$6,200.$ During the most recent week, she worked $56$ hours. Regular Wage Rate $=$ $ Overtime Wage Rate $=$ $ $5$:Betsy Cranston earns a semimonthly salary of $$2,200.$ During the most recent week, she worked $49$ hours. Regular Wage Rate $=$ $ Overtime Wage Rate $=$ $