Question
why do you times 8.6x1.5x8? where does the 8 come from?
You said the employee worked 48 hours in a week, right? 40 hours were paid at his regular rate ($8.60/hour or 8.6), and the extra 8 hours (overtime) were paid at time and a half (8.6 x 1.5). Once you know what the overtime rate is, then you multiply it by the number of overtime hours he worked, in this case 8.
You said the employee worked 48 hours in a week, right? 40 hours were paid at his regular rate ($8.60/hour or 8.6), and the extra 8 hours (overtime) were paid at time and a half (8.6 x 1.5). Once you know what the overtime rate is, then you multiply it by the number of overtime hours he worked, in this case 8.
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