If an employee earns $10.00 per hour for a 50-hour week, how much is the overtime premium?

To calculate the overtime premium for an employee earning $10.00 per hour and working 50 hours in a week, we need to first determine how many hours constitute overtime. The standard workweek is typically 40 hours, meaning any hours worked over this are considered overtime.

In this case, the employee works 50 hours, which means they worked 10 hours of overtime (50 hours total minus 40 hours standard). Overtime pay is usually at a rate of 1.5 times the regular hourly rate.

So, the overtime pay rate would be:

$10.00 (regular hourly rate) x 1.5 (overtime multiplier) = $15.00 per hour for overtime.

Next, to find the total overtime premium for the 10 hours worked beyond the standard 40 hours:

$15.00 (overtime rate) x 10 hours (the overtime hours worked) = $150.00.

Thus, the overtime premium for the 50-hour workweek, in this case, is $150. This amount accounts for the additional earnings due to the hours worked beyond the standard full-time threshold, which is why it is the correct answer.