To get this answer started, we have to find out what Overwood’s basic hourly wage is. We get this by dividing the $1043 that she makes each week by 40 hours per week.
1043/40 = 26.075. I am rounding this up to 26.08. If your teacher has you round down in such situations, answers will need to change.
Given that Overwood’s base rate of pay is $26.08, we can find her overtime rate by multiplying her base rate by 1.5.
26.08 x 1.5 = 39.12
Overwood makes $39.12 per hour for every hour that she works above and beyond 40 hours per week. If she works 44 hours in a given week, we find her overtime pay my multiplying her hourly overtime rate by 4 hours.
39.12 x 4 = 156.48
So Overwood made $156.48 in overtime earnings. We add that to her base pay to find her total pay.
1043 + 156.48 = 1199.48.
Overwood’s total earnings in this scheme are $1199.48 for this week.
If Overwood participates in a Belo plan, things are much different. Please refer to the link below for an explanation of Belo plans. The question states that the Belo plan’s pay is $20.50/hour for a maximum of 53 hours. This means that Overwood’s wages at straight time are determined by multiplying her pay rate by her maximum number of hours.
20.50 x 53 = 1086.50
But now we have to find her time-and-a-half rate.
20.50 x 1.5 = 30.75
Overwood must be paid $30.75 per hour for 13 hours (because she must get overtime pay for the hours in the Belo plan above and beyond 40 hours per week).
30.73 x 13 = 399.75
Her overtime premium pay is $399.75 per week.
To determine her total pay, we have to add her pay at straight time ($1086.50) to her overtime premium pay ($399.75)
1086.5 + 399.75 = 1485.75.
In these circumstances, Overwood would be paid $1485.75 under the Belo plan.