Agnessa receives an annual salary of $47,962.20 based on a 39-hour workweek.

a) What is Agnessa's hourly rate of pay in a year with 26 biweekly paydays?

Answer is $23.65

b) Using your hourly rate computed in part a), what would Agnessa's gross earnings be for a pay period working an extra 10 hours overtime paid 1.50 times the regular rate of pay? (should be rounded to the nearest cent.)

I have figured out how to do A) but i cant seem to figure out how to do B)? very confused plz help...

i got it!!! but im not sure if its right. plz correct if wrong!!!thnx.

a) 47,962.20/26=1844.70/2(39)=$23.65/hrs

b) 23.65*39+1.5*23.65*10=$1,277.10

a) Correct!

b) You need to remember that the "pay period" is two weeks rather than just one.

However, it is unclear whether the 10 hours overtime is per pay period or per week. Do you have that clarified?

I hope this helps.

To find Agnessa's gross earnings for a pay period working overtime, you can follow these steps:

1) Determine Agnessa's regular hourly rate. Since we have already calculated her annual salary and the number of hours she works in a year, we can divide her annual salary by the total number of hours she works in a year to find her regular hourly rate.

Annual salary: $47,962.20
Number of hours worked in a year (39 hours/week * 52 weeks/year): 2,028 hours

Regular hourly rate = Annual salary / Number of hours worked in a year
Regular hourly rate = $47,962.20 / 2,028 hours = $23.63 (rounded to the nearest cent)

2) Calculate the overtime pay rate. Since Agnessa is eligible for overtime pay at 1.50 times her regular rate, multiply her regular hourly rate by 1.50.

Overtime pay rate = Regular hourly rate * 1.50
Overtime pay rate = $23.63 * 1.50 = $35.45 (rounded to the nearest cent)

3) Calculate Agnessa's gross earnings for the pay period with overtime. To do this, add the earnings from regular hours worked to the earnings from overtime hours worked.

Earnings from regular hours worked: Regular hourly rate * total regular hours worked
Earnings from overtime hours worked: Overtime pay rate * overtime hours worked

In this case, Agnessa works an extra 10 hours of overtime in the pay period. Let's assume she worked a total of 39 regular hours in the pay period.

Earnings from regular hours worked = $23.63 * 39 hours = $921.57
Earnings from overtime hours worked = $35.45 * 10 hours = $354.50

Gross earnings for the pay period = Earnings from regular hours + Earnings from overtime hours
Gross earnings for the pay period = $921.57 + $354.50 = $1,276.07

Therefore, Agnessa's gross earnings for the pay period working an extra 10 hours of overtime, paid at 1.50 times the regular rate, would be $1,276.07 (rounded to the nearest cent).