1.3 Hourly Rate & Overtime Pay

Front

What is considered a full work week in hours?

Back

40 hours

Front

How do you calculate weekly earnings based on hourly wage?

Back

Multiply the number of hours worked by the hourly wage.

Front

If an employee earns $28.46 per hour and works 36 hours, what is their total earnings?

Back

$1024.56

Front

What is the formula to calculate overtime hours?

Back

Overtime hours = Total hours worked - 40 hours (if total hours > 40).

Front

If an employee works 66 hours, how many hours are considered overtime?

Back

26 hours.

Front

What is the gross pay for an employee who works 35 hours at a rate of $9.68 per hour?

Back

$338.

Front

What is the hourly wage if an employee earns $69.75 for 9 hours of work?

Back

$7.75 per hour.

Front

What is the difference between regular pay and overtime pay?

Back

Regular pay is for hours worked up to 40 hours; overtime pay is for hours worked beyond 40 hours, usually at a higher rate.

Front

How do you calculate overtime pay?

Back

Overtime pay = Overtime hours x (Hourly wage x 1.5).

Front

What is the significance of knowing the full work week hours?

Back

It helps in understanding regular vs. overtime calculations.