note: in this chapter and in all succeeding work throughout the course, unless instructed otherwise…

note: in this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one - half to determine the overtime rate). 2. if the third decimal place is 5 or more, round to the next higher cent. 3. if the third decimal place is less than 5, simply drop the third decimal place. examples: monthly rate $1,827 weekly rate ($1,827×12)/52 = $421.615 rounded to $421.62 hourly rate $421.62/40 = $10.540 rounded to $10.54 o.t. rate $10.54×1.5 = $15.81 also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. example 2 - 2 james rudolph, a waiter, earns a weekly wage of $100.00 for a 40 - hour workweek and receives tips of $100.00 each week. even though the hourly rate paid to rudolph ($100.00÷40 hours = $2.50) exceeds the minimum wage rate of $2.13, the employer must pay rudolph an extra $90.00 so that the tips received plus the wages paid equal the minimum wage of $7.25 per hour. $7.25×40 = $290.00 weekly wage (100.00) tips received (100.00) extra weekly pay $90.00 *$100.00 + $90.00 = $190.00; $190.00÷40 hours = $4.75/hour ben lieber is a waiter at harbor house, where he receives a weekly wage of $80 plus tips for a 40 - hour workweek. liebers weekly tips usually range from $280 to $400. round your answers to the nearest cent. a. under the fair labor standards act, the minimum amount of wages that lieber must receive for a 40 - hour workweek is b. since harbor house is in violation of the flsa, the additional amount it should pay lieber each week to meet the minimum wage requirement for a tipped

note: in this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one - half to determine the overtime rate). 2. if the third decimal place is 5 or more, round to the next higher cent. 3. if the third decimal place is less than 5, simply drop the third decimal place. examples: monthly rate $1,827 weekly rate ($1,827×12)/52 = $421.615 rounded to $421.62 hourly rate $421.62/40 = $10.540 rounded to $10.54 o.t. rate $10.54×1.5 = $15.81 also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. example 2 - 2 james rudolph, a waiter, earns a weekly wage of $100.00 for a 40 - hour workweek and receives tips of $100.00 each week. even though the hourly rate paid to rudolph ($100.00÷40 hours = $2.50) exceeds the minimum wage rate of $2.13, the employer must pay rudolph an extra $90.00 so that the tips received plus the wages paid equal the minimum wage of $7.25 per hour. $7.25×40 = $290.00 weekly wage (100.00) tips received (100.00) extra weekly pay $90.00 *$100.00 + $90.00 = $190.00; $190.00÷40 hours = $4.75/hour ben lieber is a waiter at harbor house, where he receives a weekly wage of $80 plus tips for a 40 - hour workweek. liebers weekly tips usually range from $280 to $400. round your answers to the nearest cent. a. under the fair labor standards act, the minimum amount of wages that lieber must receive for a 40 - hour workweek is b. since harbor house is in violation of the flsa, the additional amount it should pay lieber each week to meet the minimum wage requirement for a tipped

Answer

Explanation:

Step1: Calculate minimum weekly wage

The minimum hourly wage is $7.25 and the work - week is 40 hours. So the minimum weekly wage is $7.25\times40 = 290$.

Step2: Analyze Ben Lieber's current situation

Ben Lieber has a weekly wage of $80.

Step3: Calculate the additional amount

Let $x$ be the additional amount. We know that $80 + x+ \text{tips}\geq290$. To find the minimum amount to meet the requirement, assume the minimum tip amount of $280$. Then we solve for $x$ in the equation $80 + x+280=290$. $x=290-(80 + 280)=290 - 360=- 70$. Since the tips are at least $280$, the employer doesn't need to pay an additional amount. But if we consider just the wage part, the minimum amount of wages Lieber must receive for a 40 - hour workweek is $290$.

Answer:

a. $290.00 b. $0.00