If an employee earns $10.00 per hour for a 50-hour work week, what is the amount of the overtime premium?

To determine the amount of the overtime premium for an employee earning $10.00 per hour who works 50 hours in a week, you first need to calculate the overtime rate. In typical labor laws, overtime is calculated for hours worked over 40 in a week.

In this case, the employee worked 10 hours of overtime (the hours over 40). The overtime rate is typically one and a half times the regular hourly rate. Thus, the overtime rate would be:

$10.00 × 1.5 = $15.00 per hour.

For the 10 hours of overtime worked, the total overtime pay can be calculated as follows:

$15.00 (overtime rate) × 10 (overtime hours) = $150.00.

However, the question specifically asks for the overtime premium, which refers to just the additional pay earned in excess of the regular pay for those hours. The premium is the difference between the overtime pay and the regular pay for the overtime hours:

Overtime pay for 10 hours = $15.00 × 10 = $150.00.

Regular pay for 10 hours = $10.00 × 10 = $100.00.

Now, to find the overtime