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.
Homework Answers
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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Example 6-1
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