Hi everyone

I don't understand question 5 last part that how much to regular account? Kathy Burnett works for Triumph Industries. Her pay rate is $13.44 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 2016, Kathy worked 42 hours. Kathy is married and claims three withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $29,000.

Analyze:

Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? (Round your intermediate calculations and final answers to 2 decimal places.)

Question

Rachael Lambert

Business

3 February, 11:50

Hi everyone

I don't understand question 5 last part that how much to regular account? Kathy Burnett works for Triumph Industries. Her pay rate is $13.44 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 2016, Kathy worked 42 hours. Kathy is married and claims three withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $29,000.

Analyze:

Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? (Round your intermediate calculations and final answers to 2 decimal places.)

+5

Answers (1)

Know the Answer?

Warner · Answer 1

If we let x as the number of work hours, we have the equation for her earnings:

13.44x + (3/2) (13.44x) = 29000

Solving for x,

x = 863.10

Therefore, the overtime pay she earned must be:

(3/2) (13.44) (863.10) = 17400.10