The book says the answer to c is $1474.28, I keep coming up with a lower number.

Question

The book says the answer to c is $1474.28,
I keep coming up with a lower number.

2-15A LO4 Similar to Example 2-14 on page 2-24 Sheila Williams, a medical secretary, earns $2,575 monthly for a 35-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hours and time and one-half beyond 40 hours in any week. During one semimonthly pay pe- riod, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute: a. The regular semimonthly earnings b. The overtime earnings c. The total earnings

Explanation / Answer

Earnings per month: 2575 Normal hours in a week 35 Normal hours in a day (35/7) 5 Normal hours in month (5*30 days) 150 Normal wage rate per hour 17.167 Overtime rate upto 40 hrs week 17.167 Overtime rate beyond 40 hours 25.75 Req A. The regular Semi-monthly wages(2575*1/2) 1287.5 Req B: Overtime wages: Overtime wages up to 40 hours (8 hours @17.167) 137.34 Overtime wages beyond 40 hrs (2 hours @25.75) 51.5 Total Overtime wages 188.84 Req C: Total earnings (1287.50+188.84) 1476.34 Note: Difference is just becausse of rounding off.

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