Frank's base pay rate is $15.50 per hour, with overtime pay of time-and-a-half, and double-time for holidays. Calculate her gross pay if she worked 6.5 holiday hours in addition to 38.5 hours Monday through Saturday. (Round your answer to the nearest cent.)
correct ans &798.25
I'm making some assumptions here since you didn't indicate what constituted overtime and which are holiday hours.
(15.5 * 38.5) + (6.5 * 3 * 15.5) = ?
To calculate Frank's gross pay, we need to calculate three components: regular pay, overtime pay, and holiday pay.
1. Regular pay: Frank worked 38.5 hours Monday through Saturday at a base pay rate of $15.50 per hour. To calculate regular pay, multiply the number of hours by the pay rate:
Regular pay = 38.5 hours * $15.50/hour
2. Overtime pay: Frank's overtime pay rate is time-and-a-half, which means for every hour worked over 40 hours in a week, she would receive 1.5 times her base pay rate. Since Frank worked 38.5 hours, she did not exceed 40 hours, so there is no overtime pay in this case.
3. Holiday pay: Frank worked 6.5 holiday hours, and for holidays, she receives double-time pay, which is twice her base pay rate. To calculate holiday pay, multiply the number of holiday hours by double her base pay rate:
Holiday pay = 6.5 hours * (2 * $15.50/hour)
Now, let's calculate each component and then sum them up to find Frank's gross pay:
Regular pay = 38.5 hours * $15.50/hour = $596.75 (rounded to the nearest cent)
Holiday pay = 6.5 hours * (2 * $15.50/hour) = $201.25 (rounded to the nearest cent)
Gross pay = Regular pay + Holiday pay = $596.75 + $201.25 = $798.00 (rounded to the nearest cent)
Therefore, Frank's gross pay is $798.00.