document.write( "Question 921623: worked 48 hours, was paid $360. what is the hourly rate and overtime rate? \n" ); document.write( "
Algebra.Com's Answer #559123 by KMST(5328) You can put this solution on YOUR website! It depends on how overtime pay is calculated, and I would say we do not have enough information. \n" ); document.write( " \n" ); document.write( "A common way to calculate overtime pay is to count each hour over 40 hours (in a standard week) as 1.5 hours. \n" ); document.write( "Then, someone working 48 hours within that standard week would be paid for \n" ); document.write( " \n" ); document.write( "In that case the hourly rate would be \n" ); document.write( "$ \n" ); document.write( "and the overtime would be paid at $ \n" ); document.write( " \n" ); document.write( "Another common way to calculate overtime pay is to count each hour over 40 hours (in a standard week) as 2 hours. \n" ); document.write( "Then, someone working 48 hours within that standard week would be paid for \n" ); document.write( " \n" ); document.write( "In that case the hourly rate would be \n" ); document.write( "$ \n" ); document.write( "and the overtime would be paid at $ \n" ); document.write( " \n" ); document.write( "If the rates for overtime pay and regular pay are not in a 1.5:1 or 2:1 ratio, \n" ); document.write( "and/or if overtime is paid based on hours over some other weekly limit (not 40 hours), \n" ); document.write( "we do not have enough information to answer. \n" ); document.write( "Even if the first 40 hours were paid at a regular hourly rate and the next 8 hours were paid at a higher overtime pay rate, \n" ); document.write( "there are many possible, reasonable answers. \n" ); document.write( "Here are a few of those many: \n" ); document.write( "Maybe the first 40 hours were paid at a regular hourly rate of $6.00/hour, \n" ); document.write( "and the next 8 hours were considered overtime, paid at an overtime rate of $15.00/hour. \n" ); document.write( "Maybe the first 40 hours were paid at a regular hourly rate of $6.50/hour, \n" ); document.write( "and the next 8 hours were considered overtime, paid at an overtime rate of $12.50/hour. \n" ); document.write( "The regular ate could have been $7.00/hour, with an overtime rate of $10.00/hour. \n" ); document.write( " |