Final answer:
Oliver is paid $78.00 for working 5 hours overtime on one Saturday.
Step-by-step explanation:
To calculate Oliver's overtime pay, we first need to establish his overtime rate. Since his normal rate of pay is $10.40 per hour, and overtime pay is time-and-a-half, we multiply the normal rate by 1.5:
Overtime rate per hour = Normal rate of pay × 1.5
Overtime rate per hour = $10.40 × 1.5
Overtime rate per hour = $15.60
Now, to find out how much he is paid for working 5 hours overtime, we multiply the overtime rate per hour by the number of overtime hours:
Total overtime pay = Overtime rate per hour × Number of overtime hours
Total overtime pay = $15.60 × 5
Total overtime pay = $78.00
Therefore, Oliver is paid $78.00 for working 5 hours overtime on one Saturday.