What is the weekly gross pay? Assume overtime pay for time exceeding 40 hours. Hourly rate: \( \$ 9.14 \), Hours worked: 48 \( \$ 365.60 \) \( \$ 43872 \) \( \$ 47528 \) \( \$ 558.08 \)
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To calculate the weekly gross pay, start by finding the regular pay for the first 40 hours. That’s \( 40 \text{ hours} \times \$ 9.14 = \$ 365.60 \). For the additional 8 hours (overtime), you would earn time and a half, meaning your overtime rate is \( \$ 9.14 \times 1.5 = \$ 13.71 \). Thus, the total for overtime would be \( 8 \text{ hours} \times \$ 13.71 = \$ 109.68 \). Adding the regular pay and overtime brings your gross weekly pay to \( \$ 365.60 + \$ 109.68 = \$ 475.28 \). Now, just a little fun fact: The concept of overtime pay wasn’t always a thing! In the early 20th century, workers put in much longer hours, often without any extra compensation. It wasn't until labor movements emerged and advocated for fair working conditions that the 40-hour work week and overtime regulations became standard in many places. This was a pivotal moment in labor history that significantly improved the rights of workers!