For the first week of May, Frank Taylor worked 33 hours. Frank earns $16.40 an hour. His employer pays overtime for all hours worked in excess of 40 hours per week and pays 1.5 times the hourly rate for overtime hours. Calculate the following for the first week of May (round your responses to the nearest cent if necessary): 1. Regular pay amount: $ 2. Overtime pay: $ 3. Gross pay: $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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For the first week of May, Frank Taylor worked 33 hours. Frank earns $16.40 an hour. His employer pays overtime for all hours worked in excess of 40 hours per week and pays 1.5 times the hourly rate for overtime hours.

Calculate the following for the first week of May (round your responses to the nearest cent if necessary):

1. Regular pay amount:
$
2. Overtime pay:
$
3. Gross pay:
$
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