What percentage of the total payroll that week was overtime pay?

Question

You're calculating payroll. Your company has 45 employees who work 40 hours a week and earn $17 per hour 14 employees each worked 6 hours of overtime at 50% above their hourly rate.

Answer 1

Total payroll=45*40*17+14*6*17*3/2=$32742.

(40-hour pay=40*17=$680, for 45 employees=45*680=$30600)

Overtime=14*6*17*3/2=$2142.

(Overtime rate=17*3/2=$25.50, for 6 hrs overtime=$153, for 14 employees=$2142)

%ge overtime=2142/32742*100=700/107=6.542% approx.