Examination Questions/Chapter 2 E–13
Problem-Solving
NOTE: In all problems, unless instructed otherwise, compute the hourly and overtime
rates as follows:
1. Carry the hourly rate and the overtime rate to 3 decimal places and then
round off to 2 decimal places (round the hourly rate to 2 decimal places
before multiplying by one and one-half to determine the overtime rate).
2. If the third decimal place is 5 or more, round to the next higher cent.
3. If the third decimal place is less than 5, drop the third decimal place.
Also, use the minimum hourly wage of $7.25 in solving these problems and all
that follow.
1. Abel works a 37½-hour week at $10.75 an hour. Overtime hours are
paid at 1½ times the regular rate.
3. Carolyn Clark, a full-time student at Atlanta State University, works at the
4. Bakker is paid an hourly rate of $10.65. For 130 minutes spent on a
5. Annette Henri is paid an hourly wage of $10.90 for a 32-hour workweek
6. Jose Cruz earns $2,275 each month and works 37½ hours each week.