I am attempting to comply with a wage law that requires I allocate bonus wages paid in a week in proportion to the regular and overtime hours paid during that same week. I will try to illustrate...
40.0 hours Regular Wages @ $10.00 per hour = $400.00
10.0 hours Overtime Wages @ $15.00 per hour = $150.00
40.0 hours Regular Bonus @ $??.?? per hour = $ ??.??
10.0 hours Overtime Bonus @ $??.?? per hour = $ ??.??
Total Wages = $650.00
The $100.00 bonus must be allocated across the 40.0 hours of regular time and the 10.0 hours of time-and-a-half overtime. What's the fastest way to calculate the regular and overtime rate for the bonus so they both total $100.00 and yet the bonus overtime rate is 1-1/2 times the bonus regular rate? Keep in mind that this calculation must be performed for all combinations of regular and overtime pay and any amount of bonus.
2007-01-03
13:06:18
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2 answers
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asked by
Lee C
1
in
Science & Mathematics
➔ Mathematics