Question

COMPUTING OVERTIME RATE OF PAY AND GROSS WEEKLY PAY Mike Fritz receives a regular salary of $3,250 a month and is paid 1½ tim
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Seluton 1. a) .... Determine Fritis over time rate of pay as shown below: 3250 39000 Salary per month [a] Total annual salar

Add a comment
Know the answer?
Add Answer to:
COMPUTING OVERTIME RATE OF PAY AND GROSS WEEKLY PAY Mike Fritz receives a regular salary of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Mike Dooley's regular hourly wage is $16 an hour. He receives overtime pay at the rate...

    Mike Dooley's regular hourly wage is $16 an hour. He receives overtime pay at the rate of time and a half. The FICA tax rate is 7.65%. Mike is paid weekly. For the first pay period in January, Mike worked 49 hours. All hours over 40 earn the overtime rate. Mike's federal income tax withholding is $150 and his state income tax withholding is $60. Mike has authorized that $25 be withheld from his check each pay period for savings...

  • Art receives a semi-monthly salary of $906.61 and works a regular workweek of 35 hours. (a)...

    Art receives a semi-monthly salary of $906.61 and works a regular workweek of 35 hours. (a) What is Art's hourly rate of pay? (b) If Art's gross earnings in one pay period were $1023.17, for how many hours of overtime was Art paid at time-and-a-half regular pay? (a) The hourly rate of pay is $( (Round to the nearest cent as needed.)

  • 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...

  • Casey receives an annual salary of 517,472.00, is paid monthly, and works 35 regular hours per...

    Casey receives an annual salary of 517,472.00, is paid monthly, and works 35 regular hours per week. Overtime is paid at time-and-a-half regular pay. (a) What is Casey's gross remuneration per pay period? (b) What is his hourly rate of pay? (c) How many hours overtime did Casey work during a month for which his gross pay was $1693.60? (a) Casey's gross remuneration per pay period is $] (Type an integer or a decimal) (b) Casey's hourly rate of pay...

  • • 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...

  • Develop a WPF application that has a button to calculate an employee’s weekly pay, given the...

    Develop a WPF application that has a button to calculate an employee’s weekly pay, given the number of hours worked. An employee should have a first name, last name, age, and hourly consulting rate. You should be able to create an employee object and provide the hours worked to calculate the weekly pay. The application assumes a standard workweek of 40 hours. Any hours worked over 40 hours in a week are considered overtime and earn time and a half....

  • 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...

  • Calculate gross pay for each of the following employees. All are paid an overtime wage rate...

    Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1:Jefferson Dodge earns $8.50/hour. During the most recent week, he receives a discretionary bonus of $1,000 and works 47 hours. Gross Pay: $ 2:Julia Jones earns $12.00/hour. During the most recent week, she...

  • Instructions Gross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of...

    Instructions Gross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of pay is $8.50 per hour, and he is paid 19 times the regular rate for all hours worked in excess of 40 per week. During the last week of January of the current year, he worked 48 hours. Chin is married and claims three withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a. Employee federal income tax...

  • 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....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT