document.write( "Question 921623: worked 48 hours, was paid $360. what is the hourly rate and overtime rate? \n" ); document.write( "
Algebra.Com's Answer #559123 by KMST(5328)\"\" \"About 
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It depends on how overtime pay is calculated, and I would say we do not have enough information.
\n" ); document.write( "
\n" ); document.write( "A common way to calculate overtime pay is to count each hour over 40 hours (in a standard week) as 1.5 hours.
\n" ); document.write( "Then, someone working 48 hours within that standard week would be paid for
\n" ); document.write( "\"40%2B%2848-40%29%2A1.5=40%2B8%2A1.5=40%2B12=52\" times the hourly rate.
\n" ); document.write( "In that case the hourly rate would be
\n" ); document.write( "$\"360%2F52\"=$\"6.923\" (rounded),
\n" ); document.write( "and the overtime would be paid at $\"%28360%2F52%29%2A1.5\"=$\"10.385\" (rounded).
\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( "\"40%2B%2848-40%29%2A2=40%2B8%2A25=40%2B16=56\" times the hourly rate.
\n" ); document.write( "In that case the hourly rate would be
\n" ); document.write( "$\"360%2F56\"=$\"6.429\" (rounded),
\n" ); document.write( "and the overtime would be paid at $\"%28360%2F56%29%2A2\"=$\"12.857\" (rounded).
\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.
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