continued - calculating gross payRemember, this is money round to the nearest Penny/hundredths place.

ANSWER:
Regular pay is $383.2
Overtime rate is $14.37
Overtime pay is $114.96
Gross pay is $498.16
STEP-BY-STEP EXPLANATION:
Assuming the overtime multiplier is 1.5 and the standard work week is 40 hours. Therefore, we calculate the regular payment like this:
[tex]RP=40\cdot9.58=383.2[/tex]The overtime rate would be the value of the normal payment times the overtime multiplier, like this
[tex]OTR=9.58\cdot1.5=14.37[/tex]Then we multiply the number of additional hours to the 40 hours allowed, that is, 8 (48 - 40), for which one gives overtime pay
[tex]OTP=8\cdot114.96=114.96[/tex]Now the gross pay would be the sum of the regular payment with the overtime payment:
[tex]GP=114.96+383.2=498.16[/tex]