Section 1-5

Chapter 1, Section 1-5: page 102 EVEN-NUMBERED ANSWERS

2. $758.33

4. $62,400 ÷ 24 = $2.00

6. ( 28,320 ÷ 24 ) = $1,180

8. Annual = ( $1,075 × 26 ) = $27,950, Monthly = ( $27,950 ÷ 24 ) = $2,329.17

10. ( $26,660 – $25,090 = $1,570 more per year, $1,560 ÷ 52 ) = $30.19

12. Current monthly salary needs to be converted to weekly pay to match the weekly pay of the new position. 
$1,560 per month × 12= yearly salary ($18,720). 
Yearly salary ÷ 52 weeks/year = $360 , which is the amount that is currently earned. 
To compute the new position income and needed overtime hours:
$8.60 × 40 = $344 regular pay. $360 – $344 = $16 more needed to equal currently pay. Overtime rate equals $12.90 per hour. $16.00 ÷ $12.90 = 1.24 hours of overtime

14. 4.84

16. 104