Find the wages for 50 hours of work, using "time and a half" overtime pay after 40 hours.
| Hours Worked | 10 | 20 | 30 | 40 | 50 |
| :----------- | :-------- | :-------- | :-------- | :-------- | :-------- |
| Money Earned | $200.00 | $400.00 | $600.00 | $800.00 | $[?] |
Answer (1)
Calculate the hourly wage: 40 $800 = $20 .
Determine the overtime wage: 1.5 × $20 = $30 .
Calculate the overtime pay: $30 × 10 = $300 .
Find the total wages: $800 + $300 = $1100 .
Explanation
Determine Hourly Wage First, we need to determine the hourly wage based on the information provided in the table. We know that for 40 hours of work, the money earned is $800.
Calculate Hourly Wage To find the hourly wage, we divide the total money earned for 40 hours by the number of hours: Hourly Wage = Hours Worked Money Earned = 40 $800 = $20 So, the hourly wage is $20.
Calculate Overtime Wage Next, we calculate the overtime hourly wage. Overtime pay is 'time and a half', which means the overtime wage is 1.5 times the regular hourly wage: Overtime Wage = 1.5 × Hourly Wage = 1.5 × $20 = $30 Thus, the overtime hourly wage is $30.
Determine Overtime Hours Now, we determine the number of overtime hours. The employee worked 50 hours, and overtime pay starts after 40 hours: Overtime Hours = Total Hours − 40 = 50 − 40 = 10 So, there are 10 overtime hours.
Calculate Overtime Pay We calculate the overtime pay by multiplying the overtime hourly wage by the number of overtime hours: Overtime Pay = Overtime Wage × Overtime Hours = $30 × 10 = $300 Therefore, the overtime pay is $300.
Calculate Total Wages Finally, we calculate the total wages by adding the regular pay for the first 40 hours and the overtime pay: Total Wages = Regular Pay + Overtime Pay = $800 + $300 = $1100 Thus, the total wages for 50 hours of work are $1100.
Final Answer Therefore, the wages for 50 hours of work are $1100 .
Examples
Understanding overtime pay is crucial in many real-world job scenarios. For instance, if you work in a retail store or a manufacturing plant, your employer is legally required to pay you overtime if you work more than 40 hours a week. Knowing how to calculate your wages, including overtime, ensures you are paid correctly and helps you manage your finances effectively. This knowledge is also valuable for employers to accurately budget labor costs and comply with labor laws.
