Sheila Williams, a medical secretary, earns $3,575 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 period, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a. The regular semimonthly earnings 1,787.50 V b. The overtime earnings 186.78 X C. The total earnings 1,474.28 X
Sheila Williams, a medical secretary, earns $3,575 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 period, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a. The regular semimonthly earnings 1,787.50 V b. The overtime earnings 186.78 X C. The total earnings 1,474.28 X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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$37,200/52 = $715.38 weekly
$715.38/35 = $20.44 hourly
$20.44 x 1.5
$30.66 overtime
$1,550.00 (semimonthly pay) + (7 x $20.44) + (1 x $30.66) = $1,723.74
Sheila Williams, a medical secretary, earns $3,575 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 period, Williams worked 10 hours overtime. Only 2
hours of this overtime were beyond 40 hours in any one week. Compute the following amounts.
Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the
nearest cent.
a. The regular semimonthly earnings
1,787.50
b. The overtime earnings
186.78
c. The total earnings
1,474.28 X
Feedback
TCheck My Work
a. Divide monthly earnings by 2 to get semimonthly earnings.
b. Annualize monthly earnings; divide by 52 weeks; divide by 35 hours to get hourly rate; multiply by 1.5 to get overtime rate; multiply hours
over 40 by overtime rate to calculate overtime earnings.
c. Total regular and overtime earnings.
eck My Work 4 more Check My Work uses remaining,
(Previous
Nex
%24
%24
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F76ea59cd-9241-4c7b-bc07-7119b91d9e98%2F9a58621c-c983-4065-b7c6-44bde86d62ec%2F2rtwl7r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=D&inprogress%3Dfalse
eBook
Show Me How
Calculator
Print Item
$37,200/52 = $715.38 weekly
$715.38/35 = $20.44 hourly
$20.44 x 1.5
$30.66 overtime
$1,550.00 (semimonthly pay) + (7 x $20.44) + (1 x $30.66) = $1,723.74
Sheila Williams, a medical secretary, earns $3,575 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 period, Williams worked 10 hours overtime. Only 2
hours of this overtime were beyond 40 hours in any one week. Compute the following amounts.
Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the
nearest cent.
a. The regular semimonthly earnings
1,787.50
b. The overtime earnings
186.78
c. The total earnings
1,474.28 X
Feedback
TCheck My Work
a. Divide monthly earnings by 2 to get semimonthly earnings.
b. Annualize monthly earnings; divide by 52 weeks; divide by 35 hours to get hourly rate; multiply by 1.5 to get overtime rate; multiply hours
over 40 by overtime rate to calculate overtime earnings.
c. Total regular and overtime earnings.
eck My Work 4 more Check My Work uses remaining,
(Previous
Nex
%24
%24
%24
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