Homework Answers
The answer is below
| (a) | |||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Employee | Hours Worked | Regular Hourly Wage Rate ($) | Regular Earnings ($) (Maximum upto 40 Hours) (40 x 3rd Column) | Overtime Rate ($) (1.5 x 3rd Column) | OVERTIME HOURS (2nd Column -40) | Overtime Earnings ($) (5th Column x 6th Column) | Total Gross Earnings ($) ( 4th Column + 7th Column) |
| Carman, T | 46 | 7.45 | 298 | 11.175 | 6 | 67.05 | 365.05 |
| Galasso, A | 46 | 8.60 | 344 | 12.9 | 6 | 77.4 | 421.4 |
| Jones, B | 43 | 11.05 | 442 | 16.575 | 3 | 49.725 | 491.725 |
| Rodna, G | 45 | 11.05 | 442 | 16.575 | 5 | 82.875 | 524.875 |
| Wilmon, W | 43 | 10.70 | 428 | 16.05 | 3 | 48.15 | 476.15 |
| (b) Total Gross Earnings | $ 2,279.20 |
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The wages and hours Information for five employees of McNeese Enterprises for the week ended July...
The wages and hours information for five employees of McNeese Enterprises for the week ended July...
The wages and hours information for five employees of McNeese Enterprises for the week ended July 7 is given below. Employees work a standard 40-hour workweek and are paid time and one-half for all hours over 40 in each workweek. If required, round your answers to two decimal places and use the rounded answers in subsequent computations. Round your final answers to the nearest cent. a. For each employee, compute the regular earnings, overtime rate, overtime earnings, and total gross...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3....
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3....
During the first week in November, Erin Mills worked 43.00 hours and produced 1,229 units under...
During the first week in November, Erin Mills worked 43.00 hours and produced 1,229 units under a piece- rate system. The regular piece rate is $0.35 a unit. Mills had agreed with her employer prior to the performance of the work that she would be paid one and one-half times the regular piece rate for all pieces produced during the overtime hours. Assume that her production totals for the week were 1,048 pieces during regular hours and 181 pieces during...
Sheila Williams, a medical secretary, earns $3,575 monthly for a 35-hour week. For overtime work, she...
Sheila Williams, a medical secretary, earns $3,575 monthly for a 35-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hours and time and one-half beyond 40 hours in any week. During one semimonthly pay period, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent...
This is the example given. (1) Higher Rate for Overtime Hours One could pay at the...
This is the example given.
(1) Higher Rate for Overtime Hours One could pay at the higher rate for the overtime hours. Formula Hours Amount Hours Worked, Job A: 30.0 30.0 hours x $14.75 $442.50 -266.70 Hours Worked, Job B: 14.0 14.0 hours x $19.05 ($19.058 x 0.5) $9.53, rounded Overtime hourly rate Overtime Hours: 4.0 $9.53 x 4.0 hours 38.12 $747.32 Gross Earnings a-the higher of the two Give It A Try Note: Round interim calculations to two decimal...
Weekly rate ($1,827 x 12)/52-$421.615 rounded to $421.62 Hourly rate $421.62/40 $10.540 rounded to $10.54 OT....
Weekly rate ($1,827 x 12)/52-$421.615 rounded to $421.62 Hourly rate $421.62/40 $10.540 rounded to $10.54 OT. rate $10.54 x 1.5 $15.81 se the minimum hourly wage of $7,25 in solving these problems eand all that follow Example 2-7 Joanne French works a 40-hour week at S 12.40 an hour with overtime hours paid at 1 ½ times the regular rate Regular weekly earnings are The overtime rate is Ir French works 4 hours overtime, additional earnings for the 4 hours...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, 'round to the next higher cent. 3....
In cases where an employee is paid different rates for different jobs during the same workweek,...
In cases where an employee is paid different rates for different jobs during the same workweek, the employers can, at their option, calculate the overtime in one of three ways: Higher Rate for Overtime Hours, Based on Actual Hours Worked, or Rate after the 40th Hour. Using the hours and rates for Eli Employee, Example's son, his gross wages are computed below using the three different methods. Eli makes $14.75 per hour for Job A and $19.05 per hour for...
• Stephen Curry, a manager at Oracle Arena, earns $745 for a fluctuating workweek. For overtime...
• Stephen Curry, a manager at Oracle Arena, earns $745 for a fluctuating workweek. For overtime work, one-half times the regular rate beyond the 40 hours is paid. 3 hours of overtime was worked. Fluctuating Hours Total Standard Pay $ Overtime Hours Rate $ Variable Overtime Pay Fluctuating Workweek Gross Earnings $ • Assume instead that Stephen's employer pays based on a 40-hour workweek. Again, weekly earning are $745 and 3 hours overtime were worked. Fixed Salary Hours Regular Total...
The wages and hours information for five employees of McNeese Enterprises for the week ended July 7 is given below. Employees work a standard 40-hour workweek and are paid time and one-half for all hours over 40 in each workweek. If required, round your answers to two decimal places and use the rounded answers in subsequent computations. Round your final answers to the nearest cent. a. For each employee, compute the regular earnings, overtime rate, overtime earnings, and total gross...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3....
During the first week in November, Erin Mills worked 43.00 hours and produced 1,229 units under a piece- rate system. The regular piece rate is $0.35 a unit. Mills had agreed with her employer prior to the performance of the work that she would be paid one and one-half times the regular piece rate for all pieces produced during the overtime hours. Assume that her production totals for the week were 1,048 pieces during regular hours and 181 pieces during...
This is the example given.
(1) Higher Rate for Overtime Hours One could pay at the higher rate for the overtime hours. Formula Hours Amount Hours Worked, Job A: 30.0 30.0 hours x $14.75 $442.50 -266.70 Hours Worked, Job B: 14.0 14.0 hours x $19.05 ($19.058 x 0.5) $9.53, rounded Overtime hourly rate Overtime Hours: 4.0 $9.53 x 4.0 hours 38.12 $747.32 Gross Earnings a-the higher of the two Give It A Try Note: Round interim calculations to two decimal...
Weekly rate ($1,827 x 12)/52-$421.615 rounded to $421.62 Hourly rate $421.62/40 $10.540 rounded to $10.54 OT. rate $10.54 x 1.5 $15.81 se the minimum hourly wage of $7,25 in solving these problems eand all that follow Example 2-7 Joanne French works a 40-hour week at S 12.40 an hour with overtime hours paid at 1 ½ times the regular rate Regular weekly earnings are The overtime rate is Ir French works 4 hours overtime, additional earnings for the 4 hours...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, 'round to the next higher cent. 3....
• Stephen Curry, a manager at Oracle Arena, earns $745 for a fluctuating workweek. For overtime work, one-half times the regular rate beyond the 40 hours is paid. 3 hours of overtime was worked. Fluctuating Hours Total Standard Pay $ Overtime Hours Rate $ Variable Overtime Pay Fluctuating Workweek Gross Earnings $ • Assume instead that Stephen's employer pays based on a 40-hour workweek. Again, weekly earning are $745 and 3 hours overtime were worked. Fixed Salary Hours Regular Total...
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