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Example $2-19$

Matt Leonard earns $$739\mathrm{.}20$ a week with fluctuating workweek hours. If he worked $48$ hours in one week, his gross pay would be calculated as follows:

$$739\mathrm{.}2048$ hours $=$$$15\mathrm{.}40$ regular rate

$$15\mathrm{.}400\mathrm{.}5=$$$7\mathrm{.}70$ extra half pay rate

$8$ hours $O.T.$$$7\mathrm{.}70=$$$61\mathrm{.}60$ extra pay

$$739\mathrm{.}20+$$$61\mathrm{.}60=$$$800\mathrm{.}80$ weekly gross pay

Example $2-21$

The agreement between John Kalas and his employer provides for a pay rate of $$14$ per hour with a maximum of $48$ hours per week.

$48$ hours $$$$14,=$$$672\mathrm{.}00$

$8$ hours $0\mathrm{.}5$$$14,{56\mathrm{.}00}_{?}$

John's weekly salary $=$$$${728\mathrm{.}00}_{?}$

No matter how many hours John works each week $($above and below $40),$ his gross pay would be $$728\mathrm{.}00.$ However, if John works beyond the agreed$-$upon maximum of $48$ hours, he must be paid at one and one$-$half times his regular rate of pay $)=($$$21$ for the hours over $48.$ amounts.

Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent.

a$.$ The overtime earnings $$

b$.$ The total earnings $$

c$.$ If this was a Belo plan with a pay rate of $$22\mathrm{.}00$ per hour and a maximum of $53$ hours, how much would Ortiz be paid for $48$ hours? $q,$

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a$.$ Divide fixed salary by total hours worked; divide by $2$ to get special half rate; multiply half rate by hours over $40$ to calculate overtime earnings.

b$.$ Add total of fixed salary and overtime earnings.

c$.$ For a Belo Plan multiply maximum hours by hourly rate. Add this to $\frac{1}{2}$ times the regular rate multiplied by the number of hours over $40$ hours to calculate Belo Pay.