On stat holidays Samir is paid 140% of his regular hourly rate if he works overtime hours. His overtime wage is $59.96 an hour. What is his regular rate ? (Enter the numbers only with no dollar sign.)
Question
On stat holidays Samir is paid 140% of his regular hourly rate if he works overtime hours. His overtime wage is $59.96 an hour. What is his regular rate ? (Enter the numbers only with no dollar sign.)
Solution
To find Samir's regular rate, we need to divide his overtime wage by 140% (or 1.4 in decimal form).
So, the calculation would be:
42.83
So, Samir's regular rate is $42.83 per hour.
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