Question

Example 6-1 Chris Collins (the first employee in Figure 6.1) earns $15.20 per hour and worked...

Example 6-1

Chris Collins (the first employee in Figure 6.1) earns $15.20 per hour and worked 44 hours. His pay would be (using the overtime premium approach):

Regular pay $15.20 × 44 hours = $668.80
Overtime premium pay $ 7.60 × 4 hours = 30.40
Total pay $699.20

Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an overtime rate of 1½ times for hours over 40 in a workweek.

For the week ending March 31, 20--, he worked 48 hours. Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay.

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Answer #1

Kelsey Gunn Gross pay, overtime pay calculation:

Regular pay (40*$23) $920
Overtime premium pay (8*$23*1.5) 276
Total gross pay $1,196
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