Computing Overtime Rate of Pay and Gross Weekly Pay Marcos Putnam receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Putnam's overtime rate of pay. $4 overtime pay per hour b. Calculate Putnam's total gross weekly pay if he works 45 hours during the week.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Computing Overtime Rate of Pay and Gross Weekly Pay
Marcos Putnam receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours
worked in excess of 40 per week.
a. Calculate Putnam's overtime rate of pay.
overtime pay per hour
b. Calculate Putnam's total gross weekly pay if he works 45 hours during the week.
%24
%24
Transcribed Image Text:Computing Overtime Rate of Pay and Gross Weekly Pay Marcos Putnam receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Putnam's overtime rate of pay. overtime pay per hour b. Calculate Putnam's total gross weekly pay if he works 45 hours during the week. %24 %24
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