hourly rate + overtime: when working more than 44 hours a week, ontario’s employment standards act states…

hourly rate + overtime: when working more than 44 hours a week, ontario’s employment standards act states that most workers are entitled to be paid overtime for the extra hours. the overtime rate must be at least “time and a half”, or, 1.5 times the regular hourly rate. example 4 roberto’s hourly rate is $6.50. he works 40 hours a week, and his employer pays overtime for over 40 hours. his overtime rate is time and a half. if he works 5 hours overtime in a week, how much will he earn? step how to calculate this actual dollar amount ($) 1. find his regular pay regular hourly rate × hours worked 2. find his overtime rate regular hourly rate × 1.5 3. find his overtime pay overtime rate × # of overtime hours 4. find his total pay regular earnings + overtime earnings
Answer
Explanation:
Step1: Calculate regular pay
Regular pay = Regular hourly rate × hours worked = $6.50\times40 = 260$
Step2: Calculate overtime rate
Overtime rate = Regular hourly rate × 1.5 = $6.50\times1.5=9.75$
Step3: Calculate overtime pay
Overtime pay = Overtime rate × # of overtime hours = $9.75\times5 = 48.75$
Step4: Calculate total pay
Total pay = Regular earnings + Overtime earnings = $260 + 48.75=308.75$
Answer:
$308.75$