SOLUTION: Colin receives $262.00 for a basic working week of 40 hours. (a) calculate his basic hourly rate (b) If overtime is paid for at time and a half, calculate his overtime pay per ho

Algebra ->  Finance -> SOLUTION: Colin receives $262.00 for a basic working week of 40 hours. (a) calculate his basic hourly rate (b) If overtime is paid for at time and a half, calculate his overtime pay per ho      Log On


   

Question 1133884: Colin receives $262.00 for a basic working week of 40 hours.
(a) calculate his basic hourly rate
(b) If overtime is paid for at time and a half, calculate his overtime pay per hour
(c) Calculate the amount Colin earns in a week when he works 45 hours and overtime is paid at time and a half
Answer by Shin123(626) About Me  (Show Source):
You can put this solution on YOUR website!
$262/40=$6.55/hour.
b) $6.55*1.5=$9.825 which is about $9.83.
c) $262+(5*9.83)=$311.15