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Find the number of regular hours and the overtime hours (hours over 40) for the employee. Then calculate the overtime rate (time and a half) for the employee. Reg. Rate $20.18 Name S W Th F Reg. Hrs. O.T. Hrs. O.T. Rate Damon,T. 5 8.75 7 8.25 2$ -- ..... What is the number of regular hours worked by Mr. Damon? hours (Type an integer or decimal rounded to two decimal places as needed.) How many overtime hours did Mr. Damon work? hours (Type an integer or decimal rounded to two decimal places as needed.) What was the overtime rate for Mr. Damon? $ (Round to the nearest cent.)

Find the number of regular hours and the overtime hours (hours over 40) for the employee. Then calculate the overtime rate (time and a half) for the employee. Reg. Rate $20.18 Name S W Th F Reg. Hrs. O.T. Hrs. O.T. Rate Damon,T. 5 8.75 7 8.25 2$ -- ..... What is the number of regular hours worked by Mr. Damon? hours (Type an integer or decimal rounded to two decimal places as needed.) How many overtime hours did Mr. Damon work? hours (Type an integer or decimal rounded to two decimal places as needed.) What was the overtime rate for Mr. Damon? $ (Round to the nearest cent.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Find the number of regular hours and the overtime hours (hours over 40) for the employee. Then calculate the overtime rate (time and a half) for the employee. Name M Th F S Reg. Hrs. O.T. Hrs. Reg. Rate O.T. Rate Damon, T. 8.75 7 8.25 $20.18 ..... What is the number of regular hours worked by Mr. Damon? he hours (Type an integer or decimal rounded to two decimal places as needed.) How many overtime hours did Mr. Damon work? hours (Type an integer or decimal rounded to two decimal places as needed.) What was the overtime rate for Mr. Damon? $ (Round to the nearest cent.)
Transcribed Image Text:Find the number of regular hours and the overtime hours (hours over 40) for the employee. Then calculate the overtime rate (time and a half) for the employee. Name M Th F S Reg. Hrs. O.T. Hrs. Reg. Rate O.T. Rate Damon, T. 8.75 7 8.25 $20.18 ..... What is the number of regular hours worked by Mr. Damon? he hours (Type an integer or decimal rounded to two decimal places as needed.) How many overtime hours did Mr. Damon work? hours (Type an integer or decimal rounded to two decimal places as needed.) What was the overtime rate for Mr. Damon? $ (Round to the nearest cent.)
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