Question
5) (3 marks) Armando receives a yearly salary of $52,868. He is paid monthly and his regular workweek is 37.5 hours. What i the grous a per pay period? overtime theme and one hat regular in which he works 9 1/2 hours
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Answer to a math question 5) (3 marks) Armando receives a yearly salary of $52,868. He is paid monthly and his regular workweek is 37.5 hours. What i the grous a per pay period? overtime theme and one hat regular in which he works 9 1/2 hours
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4.697 Answers
Armando’s yearly salary is $52,868 and he is paid monthly. This means his gross pay per pay period (monthly) is $52,868 / 12 = $4,405.67.
If Armando’s regular workweek is 37.5 hours, and he works 9 1/2 hours of overtime, his total hours worked for that week would be 37.5 + 9.5 = 47 hours.
His hourly wage would be $4,405.67 / (4.33 * 37.5) = $27.13 per hour.
For the overtime pay, typically, the overtime rate is 1.5 times the regular hourly rate. So if Armando works 9.5 hours of overtime, his overtime pay would be 9.5 * 1.5 * $27.13 = $386.64
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