<p> Math Applications Hourly Rates and Overtime</p><p>Essential Question:</p><p>Vocabulary – </p><p> Hourly Rate – a fixed amount per hour</p><p> Overtime – more than regular hours</p><p> Overtime Rate – amount per hour for overtime</p><p> Gross Pay – the total amount of money earned Different Forms of Income – </p><p>Hourly Wages – Federal Minimum Wage is ______.</p><p>Current Minimum Wage in New York is ______. (for non-tipped workers)</p><p>Number of hours worked in a week before premium pay is ______.</p><p> As of December 31, 2015, the Minimum Cash Wage for Tipped Workers in the Hospitality Industry is $7.50 per hour if they earn enough in tips.  As of December 31, 2015, the Minimum Wage for other Tipped Workers is $7.65 per hour if they earn at least $1.35 per hour in tips, or $6.80 per hour if they earn at least $2.20 per hour in tips. If tips aren't sufficient to reach minimum wage, the employer is required to pay the employee minimum wage.</p><p>The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay. </p><p>According to the FLSA overtime rate for minimum wage is ______.</p><p>Calculating Pay – </p><p>Example: The Corner Bakery pays Jane minimum wage as a cashier. One week she worked 43 hours. She was paid for overtime at time and a half for all hours over 40 hours. Find her total weekly pay.</p><p>Step 1 – Find regular weekly pay. Step 2 – Find overtime pay. Step 3 – Find total pay.</p><p>Practice: 1.) Complete the following chart. (Overtime is time and a half over 40 hours)</p><p>Hourly Rate Hours Worked Regular Pay Overtime Pay Gross Pay</p><p>$8.50 4 </p><p>$10.80 52 </p><p>$8.00 45.5 </p><p>$4.50 36.5 </p><p>2.) Job – Driver; Hours worked = 38; Hourly rate = $5.85; Gross Pay = </p><p>3.) Edward operates a print shop press. He is paid $8.25 per hour with time and a half for overtime. One week he worked 47.5 hours. Find his gross pay for the week. 4.) Nestor is a bookkeeper and Rita is a driver for a delivery service. Nestor works 7.5 hours each weekday and one Saturday each month (at double time). Rita works 8 hours Monday through Friday with 3 hours of overtime (at time and a half) each week. If Nestor is paid $8.42 per hour and Rita is paid $8.64 per hour, what is their combined gross pay for March, April, and May? Consider each month to have 4 weeks.</p><p>5.) You are considering 2 summer jobs, for 12 weeks. Calculate the gross pay for the following two jobs. Job A – Hours: 4 A.M. – 12 P.M. Job B – Hours: 8 A.M. – 4 P. M. 4 hours every other Saturday 8 hours every other Saturday Pay: $8.75 per hour Pay: $8.00 per hour Double pay for overtime Time and a half for over time Working Backwards – Find the hourly rate given gross pay and hours worked. 1.) James worked 36 hours in a week and his gross pay was $333.00. What was his hourly rate?</p><p>2.) Sarah worked 44 hours Monday through Friday, with all hours over 40 at time and a half. Her gross pay for the week was $471.50. What was her hourly rate?</p><p>3.) Jane worked 8 hours each day Monday through Friday and 6 hours on Saturday. In her paycheck the next week she grossed $428.75, what was her hourly rate?</p>