and-a-half3. Carole is paid a monthly salary of $2011.10. Her regular workweek is 35 hours.(a) What is Carole's hourly rate of pay?(b) What is Carole's gross pay for May if she worked 7 hours overtime during themonth at time-and-a-half regular pay?4

The hourly rate of pay refers to the salary that an individual receives for every extra hour they…

Answered: 3. Carole is paid a monthly salary of…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

22 )
Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,050 per week, her employment agreement provides for overtime pay at an extra half-rate for hours worked over 40. This week she worked 48 hours. Compute the following amounts. c. If this was a BELO plan with a pay rate of $22.00 per hour and a maximum of 53 hours, how much would Overwood be paid for 48 hours?
Ben is paid $53.50 per hour as an accountant. He is paid 1.5 times the regular rate for all time exceeding 7.5 hours in a day or 37.5 hours per week. Work on a statutory holiday is paid at double time. What were her gross earnings for a week in which she worked 6.5, 0, 4, 7.5, 9, 7.5, and 9 hours on Saturday to Friday, respectively, and the Monday was a statutorv holiday? Assume he will not get another day off in lieu of the holiday.
Nicole smith's yearly salary is $95,500 during the week she worked 46 hours and she is entitled to time and a half for all hours over 40. What is her gross pay
Melek Okapi earned $100 for a 40-hour workweek. During that week, Melek also receives tips of $110.00. Complete the statements below. 1. What hourly rate is being paid to Melek? 2. What tip hourly rate is being paid to Melek? 3. How much must the employer pay Melek in addition to her weekly wage?
Use Al Homer Simpson receives an annual salary of $110-760.00, is paid biweekly, and works 40 regular hours per week. Overtime is paid at time-and-a-half regular pay. How many hours overtime (to the nearest integer) did Homer work during a pay period for which his gross pay was $5 005.50? Do not include any units in your answers. Answer:
Lucille receives an annual salary of $37,500 based on a 37.5-hour workweek. What are her gross earnings for a two-week pay period in which she works 9 hours of overtime at 112112 times her regular rate of pay? (Assume there are exactly 52 weeks in a year. Round your answer to the nearest cent.)
Carl is paid an hourly rate of $12.65. What is his annual gross pay if he works 25 hours per week? $316.75
BI WEEKLY Molly is a salaried employee; she makes $42,000 a year and is paid bi-weekly. What is her gross pay? $42,000/26=$1,615.38
1. Carla Maloney is a waitress who regularly receives $80 each week in tips and works 40 hours each week.What is the minimum gross weekly pay, excluding tips, that the restaurant could pay Maloney without violating the FLSA?2. Fall is paid a biweekly salary of $937.50. Overtime is paid for hours beyond 40 in each workweek. One week, Fall works 3 hours overtime.What is Fall's pay for this biweekly pay period3. Moe receives 16 cents for every unit produced. Moe produces 2,976 pieces in a 43-hour workweek. For overtime, Moe is paid a sum equal to one-half the regular hourly pay rate multiplied by the number of overtime hours.What is Moe’s total earnings for this workweek?4. Sam Tully works two separate jobs for Mountain Company. During the week, Job A consisted of 38 hours at $20 per hour; Job B involved 15 hours at $14 per hour.What is Sam’s total earnings for this workweek if Mountain Company uses the average rate basis for calculating overtime?5. James receives an annual $25,700 base…
C works in Aling Manok from 8am to 5pm, with 1 hour meal break. C’s daily rate is P350.00 (P43.75/hour). C’s rest day is Wednesday. Suppose, C worked on a Tuesday from 8am to 8pm, how much is his total pay for that day? * A. P504.75B. P525.00C.P514.00D. 508.50
Emily is paid a semimonthly salary of 900. She works 8.5 hours of overtime in one week. What is her pay for this semimonthly period?

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3. Carole is paid a monthly salary of $2011.10. Her regular workweek is 35 hours. (a) What is Carole's hourly rate of pay? (b) What is Carole's gross pay for May if she worked 7-hours overtime during the month at time-and-a-half regular pay?