Question

The wages and hours information for five employees of McNeese Enterprises for the week ended July 7 is given below. Employees
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Answer #1
Employee Hours Worked Regular Hourly Wage Rate Regular Earnings Overtime Rate Overtime Earnings Total Gross Earnings
Carman T. 47 $12.45 $498.00 $18.68 $130.73 $628.73
Galasso, A. 42 $11.90 $476.00 $17.85 $35.70 $511.70
Jones, B. 48 $10.85 $434.00 $16.28 $130.20 $564.20
Rodna, G. 44 $11.25 $450.00 $16.88 $67.50 $517.50
Wilmon, W. 45 1/2 $13.40 $536.00 $20.10 $110.55 $646.55
Total gross earnings $2,868.68
Working Note:
Regular Earnings = Regular hourly wage rate x 40 hours
Overtime Rate = Regular Hourly Wage Rate x 1.5
Overtime Earnings = Overtime rate x (Hours worked - 40 hours)
Total Gross Earnings = Regular Earnings + Overtime Earnings
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