John works at a warehouse where he earns $15 per hour for regular hours (up to 40 hours per week). Any hours worked beyond 40 hours are considered overtime. For overtime hours, he earns time and a quarter for the first 10 hours and time and a half for any additional overtime hours. Last week, John worked 50 hours. How much did he earn for that week, considering regular hours and overtime rates?

1 answer

First, let's calculate John's earnings for his regular hours:

John worked 40 regular hours, so he earned:
40 hours x $15/hour = $600

Next, let's calculate John's overtime earnings:

For the first 10 overtime hours, John earns time and a quarter, which is $15 x 1.25 = $18.75/hour
So for the first 10 overtime hours, he earned:
10 hours x $18.75/hour = $187.50

For the remaining 10 overtime hours, John earns time and a half, which is $15 x 1.5 = $22.50/hour
So for the remaining 10 overtime hours, he earned:
10 hours x $22.50/hour = $225.00

Now, let's calculate John's total earnings for the week:
Regular hours + Overtime earnings
$600 + $187.50 + $225.00 = $1,012.50

Therefore, John earned $1,012.50 for the week, considering regular hours and overtime rates.