The offered overtime hourly rate is 1.5 times the given hourly rate.
Correct Response;
- The amount he will earn for the two hours overtime is $32.25
Methods by which the above value is calculated;
The amount Colin Katz earns per hour = $10.75
The number of additional hours Colin Katz is asked to work = 2 hours
Rate at which the additional hours will be paid = Hourly rate and half = 1.5 hourly rate
Required:
The amount he will earn for the additional hours.
Solution:
The hourly rate for the additional hours = 1.5 × $10.75 = $16.125
Amount Colin Katz earns working 2 additional hours = 2 × $16.125 = $32.25
The amount he will earn for the two hours overtime = $32.25
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