FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Computing Overtime Rate of Pay and Gross Weekly Pay
Mike Fritz receives a regular salary of $3,120 a month and is paid 1½ times the regular hourly rate for hours worked in excess of 40 per week.
a. Calculate Fritz's overtime rate of pay.
$fill in the blank 1 overtime pay per hour
b. Calculate Fritz's total gross weekly pay if he works 46 hours during the week.
$fill in the blank 2
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