Some companies pay overtime for all time worked over 8 hours in a given day. Use this method to complete the payroll ledge below. Overtime is paid at the time-and-a-half rate.
Use the Payroll ledger found there for this problem. Do not write directly on the information below—put everything (including the first line) into the Payroll Ledger.
Homework Answers
| Hours Worked | Total Hours | Regular Rate | O. T Rate | Gross Earnings | ||||||||||
| Employee | S | M | T | W | T | F | S | Reg | O.T | Reg | O.T | Total | ||
| Bailey M. | - | 10.00 | 9.00 | 11.00 | 6.00 | 5.00 | - | 35.00 | 6.00 | $9.40 | $14.10 | $329.00 | $84.60 | $413.60 |
| Campbell C. | - | 9.00 | 8.75 | 7.00 | 8.50 | 10.00 | - | 39.00 | 4.25 | $9.85 | 14.775 | $384.15 | $62.79 | $446.94 |
| Ruhkala B | - | 7.50 | 8.00 | 9.00 | 10.75 | 8.00 | - | 39.50 | 3.75 | $10.80 | 16.2 | $426.60 | $60.75 | $487.35 |
| Salorin B | - | 9.00 | 10.00 | 8.00 | 6.00 | 9.75 | - | 38.00 | 4.75 | $17.20 | 25.8 | $653.60 | $122.55 | $776.15 |
| Warren L | - | 9.50 | 8.50 | 7.75 | 8.00 | 9.50 | - | 39.75 | 3.50 | $21.50 | 32.25 | $854.63 | $112.88 | $967.50 |
Add Answer to:
Some companies pay overtime for all time worked over 8 hours in
a given day. Use...
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...
a) Calculate the Overtime Hours (Column F). The formula for Overtime Hours is based on each...
a) Calculate the Overtime Hours (Column F). The formula for
Overtime Hours is based on each employee’s Total Hours Worked and
is dependent on which department the employee works in. If the
Total Hours Worked (column D) is greater than the assigned hours
designated by the employee’s department (as listed in the table on
rows 24 and 25), then the Overtime Hours is the Total Hours Worked
minus the assigned hours. If the employee’ Total Hours Worked are
less than...
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....
Lily Company has the following data for the weekly payroll ending January 31. Hours Employee M...
Lily Company has the following data for the weekly payroll ending January 31. Hours Employee M T W T F S Hourly Rate Federal Income Tax Withholding Health Insurance L. Helton 9 8 8 8 10 2 $12 $35 $11 R. Kenseth 7 9 8 7 7 4 14 37 26 D. Tavaras 9 11 9 9 9 0 15 58 25 Employees are paid 1.5 times the regular hourly rate for all hours worked in excess of 40 hours...
Exercise 10.2. During one week, four production employees of Martinez Manufacturing Company worked the hours shown...
Exercise 10.2. During one week, four production employees of Martinez Manufacturing Company worked the hours shown below. All these employees receive overtime pay at one and one-half times their regular hourly rate for any hours worked beyond 40 in a week. Determine the regular earnings, overtime earning, and gross earning for each employee. Employee No. Hourly Rate Hours Worked 1 $11.00 46 2 $10.62 47 3 $10.46 38 4 $10.80 48
PROBLEM 2 Elder is paid a monthly salary of $2,250. Overtime is paid for hours beyond...
PROBLEM 2 Elder is paid a monthly salary of $2,250. Overtime is paid for hours beyond 40 in each workweek. One week, Elder works 7 hours overtime. Elder’s gross pay for the week is PROBLEM 3 Ides receives 16 cents for every unit produced. Ides produces 2,976 pieces in a 43-hour workweek. For overtime, Ides is paid a sum equal to one-half the regular hourly pay rate multiplied by the number of overtime hours. Ides’ total piecework and overtime earnings...
fill in blanks HOURS Regular Pay: Overtime Pay: $9.90 per hour 1.5 x regular pay for hours over 40 Name: Bill Johnso...
fill in blanks
HOURS Regular Pay: Overtime Pay: $9.90 per hour 1.5 x regular pay for hours over 40 Name: Bill Johnson DAY DATE IN OUT IN OUT MON 15-Dec 11:00 3:00 4:00 TUES 16-Dec 11:15 3:00 4:00 7:00 WED 17-Dec 11:15 3:00 4:00 7:00 THUR 18-Dec 11:003:00 4:00 7:00 FRI 19-Dec 11:00 3:00 3:30 7:00 Total Hours Worked Hours Rate Amount Bill Johnson Regular Overtime Gross Earnings
fill in blanks Regular Pay: Overtime Pay: $12.00 per hour 1.5 x regular pay for hours...
fill in blanks
Regular Pay: Overtime Pay: $12.00 per hour 1.5 x regular pay for hours over 40 2:00 Name: Karen Brown DATE IN MON 4-Jan 8:00 TUES 5-Jan 8:15 WED 5. Jan 7:45 THUR 7-Jan 8:00 8-Jan 7:00 SAT 9-Jan 9:00 Hours Rate Amount OUTINOUT HOURS 1:00 2:00 5:00 1:00 5:00 12:30 2:00 5:00 12:00 1:00 4:30 12:00 1:30 4:30 1:00 2:00 Total Hours Worked Karen Brown Regular Overtime Gross Earnings FRI
Complete the following payroll register for Thorndike Manufacturing Company. All workers receive time and one-half for...
Complete the following payroll register for Thorndike Manufacturing Company. All workers receive time and one-half for hours worked in excess of 40 hours per week. Compute Social Security using 6.2% and Medicare using 1.45%. Medical insurance and union dues deductions are shown in the payroll register. Use the wage bracket method to determine federal income tax. Total each column and verify the total net pay amount. Payroll Register Earnings Deductions Employee Name Allow. Status Hours Worked Pay Rate Regular Overtime...
Complete the following payroll register for Thorndike Manufacturing Company. All workers receive time and one-half for...
Complete the following payroll register for Thorndike Manufacturing Company. All workers receive time and one-half for hours worked in excess of 40 hours per week. Compute Social Security using 6.2% and Medicare using 1.45%. Medical insurance and union dues deductions are shown in the payroll register. Use the wage bracket method to determine federal income tax. Total each column and verify the total net pay amount. Payroll Register Earnings Deductions Employee Name Allow. Status Hours Worked Pay Rate Regular Overtime...
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...
a) Calculate the Overtime Hours (Column F). The formula for
Overtime Hours is based on each employee’s Total Hours Worked and
is dependent on which department the employee works in. If the
Total Hours Worked (column D) is greater than the assigned hours
designated by the employee’s department (as listed in the table on
rows 24 and 25), then the Overtime Hours is the Total Hours Worked
minus the assigned hours. If the employee’ Total Hours Worked are
less than...
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....
fill in blanks
HOURS Regular Pay: Overtime Pay: $9.90 per hour 1.5 x regular pay for hours over 40 Name: Bill Johnson DAY DATE IN OUT IN OUT MON 15-Dec 11:00 3:00 4:00 TUES 16-Dec 11:15 3:00 4:00 7:00 WED 17-Dec 11:15 3:00 4:00 7:00 THUR 18-Dec 11:003:00 4:00 7:00 FRI 19-Dec 11:00 3:00 3:30 7:00 Total Hours Worked Hours Rate Amount Bill Johnson Regular Overtime Gross Earnings
fill in blanks
Regular Pay: Overtime Pay: $12.00 per hour 1.5 x regular pay for hours over 40 2:00 Name: Karen Brown DATE IN MON 4-Jan 8:00 TUES 5-Jan 8:15 WED 5. Jan 7:45 THUR 7-Jan 8:00 8-Jan 7:00 SAT 9-Jan 9:00 Hours Rate Amount OUTINOUT HOURS 1:00 2:00 5:00 1:00 5:00 12:30 2:00 5:00 12:00 1:00 4:30 12:00 1:30 4:30 1:00 2:00 Total Hours Worked Karen Brown Regular Overtime Gross Earnings FRI
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