D. Sale is employed at an annual salary of S29,668 paid semi-monthly. The regula

Question

D. Sale is employed at an annual salary of S29,668 paid semi-monthly. The regular workweek is 37 hours. (a) What is the regular salary per pay period? (b) What is the hourly rate of pay? (c) What is the gross pa for a pay period m which the employee worked 7 hours overtime at time and one-half regular pay? (a) The regular salary per pay period is $____. (Round to the nearest cent as needed.) (b) The hourly rate of pay is $___. (Round to the nearest cent as needed.) (c) the gross pay with the overtime would be $_____. (Round to the nearest cent as needed.)

Explanation / Answer

Total = 29668

Semi-monthly means : once in 2 months

So, 24 times in a year

Salary/pay period = 29668 / 24 = 1236.17 ---> FIRST ANSWER

Workweek = 37 hours

So, yearly ---> 37 * 52 = 1924 hrs

Hrly rate of pay = 29668 / 1924 = 15.42 ---> SECOND ANSWER

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