Casey Collins' average workweek during the first quarter of the year (13 weeks) was 46 hours. As part of his company's perfect attendance program, he earned a bonus of $949. Determine the extra overtime pay due to Collins for the first quarter.
a. Extra overtime pay $
My answer:
(949 / 13 ) = 73
73 / 46 = 1.5869
1.5869 x 0.5 = 0.793
0.793 x 6 hrs overtime x 13 wks = 61.89 WRONG
| Overtime per week | = | $949 / 13 week | = | $ 73 |
| Overtime per hour | = | $73 / 46 hours | = | $ 1.59 |
| Overtime rate | = | $1.59 X 0.50 | = | $ 0.80 |
| Overtime for 6 hours above 40 hours | = | 6 hours X $0.80 | = | $ 4.80 |
| Total Overtime pay for the Quarter | = | 13 weeks X $4.80 | = | $ 62.40 |
| Note: The concept adopted is correct the difference in answer is of rounding off error only. | ||||
Casey Collins' average workweek during the first quarter of the year (13 weeks) was 46 hours....
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