Kyle Forman worked 43 hours during the week for Erickson Company at two differen
ID: 2421779 • Letter: K
Question
Kyle Forman worked 43 hours during the week for Erickson Company at two different jobs. His pay rate was $14.70 for the first 40 hours, and his pay rate was $11.90 for the other 3 hours.
*Round your overtime rate and other interim computations to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent.
*Determine his gross pay for that week if the company uses the one-half average rate method.
*If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be
Explanation / Answer
Gross pay = 40 x $14.70 + $11.90 x 3
= 623.70
If ivertime paid after 40th hour gross pay = 40 x 14.70 + 3 x14.70/2
= 610.05
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