Answer:
[tex]Straight\ Time\ Pay = \$392.2[/tex]
[tex]Overtime\ Pay = \$42.4[/tex]
[tex]Total = \$434.6[/tex]
Step-by-step explanation:
Given
Hourly Rate = $10.60
Overtime = half hourly rate
Hours worked = 37 hours
Overtime = 8 hours
Calculating the Straight Time Pay
[tex]Straight\ Time\ Pay = Hourly\ Rate * Hours\ Worked[/tex]
[tex]Straight\ Time\ Pay = 37 * \$10.60[/tex]
[tex]Straight\ Time\ Pay = \$392.2[/tex]
Calculating the Overtime Pay
[tex]Overtime\ Pay = Overtime\ Rate * Overtime\ Hours[/tex]
Since, overtime rate is half of hourly rate; we have
[tex]Overtime\ Pay = \frac{\$10.6}{2} * 8[/tex]
[tex]Overtime\ Pay = \$5.3 * 8[/tex]
[tex]Overtime\ Pay = \$42.4[/tex]
Calculating Total Pay
This is calculated by adding results in (i) and (ii)
[tex]Total = Straight\ Time + Overtime[/tex]
[tex]Total = \$392.2 + \$42.4[/tex]
[tex]Total = \$434.6[/tex]