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23. Wu's job pays $20/hour, and requires him to be at work at least 40 hours/week....
23. Wu's job pays $12/hour, and requires him to be at work at least 40 hours/week....
23. Wu's job pays $12/hour, and requires him to be at work at least 40 hours/week. He is allowed to work as much overtime (hours > 40/week) as he wants, and overtime pays "time-and-a-half" for hours worked > 40/week and < 60/week, and "double time" for hours worked > 60/week. He earns no weekly endowment. What is the vertical value of the vertical intercept for Wu's choice (Leisure, $) bundles for a typical 168 hour week? set over
23. Wu's...
Trish must be at work exactly 40 hours/week where she earns $10/hour. While at work she...
Trish must be at work exactly 40 hours/week where she earns $10/hour. While at work she can engage in either Hard Work Hours or Easy Work Hours (where Hard Work Hours = 40 – Easy Work Hours). Trish earns a $15/hour commission for each hour of hard work she engages in, and also receives a $200 bonus if she engages in at least 30 hours of hard work in a given week. What is the vertical value of the vertical...
An hourly employee is paid $30/hour for a 40 hour week. Overtime is paid at time-and-a-half...
An hourly employee is paid $30/hour for a 40 hour week. Overtime is paid at time-and-a-half for hours worked in excess of 40 hours. In the prior week, the employee worked 48 hours. Federal income taxes of $250 were withheld, and state income taxes of $40 were withheld. FICA taxes of 6.2% (Social Security) and 1.45% (Medicare) were also withheld. What is the weekly gross pay amount or this employee? What is the weekly net pay amount for this employee?
Alex earns a wage of 15 an hour if he works up to forty hours per...
Alex earns a wage of 15 an hour if he works up to forty hours per week. however,for every hours, alex works in excess of 40 he earns a wage of 30 an hour。 Alex also faces a 20% tax rate and pays child-care expenses of 4 for every hour he works. He also receives a child support payment of 80 per week. He has a total of 110 hours per week that he can dedicate to work and leisure....
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...
Libby is an hourly employee who earns $14.32/hour. She is paid overtime only for hours worked...
Libby is an hourly employee who earns $14.32/hour. She is paid overtime only for hours worked past 40 in one week. During a weekly pay period, she worked the following hours: Day Hours Minutes Monday 8 47 Tuesday 8 22 Wednesday 6 25 Thursday 9 6 Friday 7 58 What is the difference between her pay using the quarter-hour and the hundredth-hour methods? Which method pays Libby the greater amount? (Do not round interim calculations. Round final answer to two...
Problem : Overtime Pay: Federal law requires that hourly employees be paid “time-and-a-half” for work in...
Problem : Overtime Pay: Federal law requires that hourly employees be paid “time-and-a-half” for work in excess of 40 hours a week. For example, if a person’s hourly wage is $15 and he or she works 60 hours in a week, the person’s grow pay should be (40 * 15) + 1.5 * 15 * (60 – 40)) = $1050 Enter the hourly wage: 12.50 Enter the number of hours worked: 47 The gross pay for the week is $631.25
I am not sure what i did wrong here: 2,414/ month 35 hour work week 2,414*12=...
I am not sure what i did wrong here:
2,414/ month 35 hour work week
2,414*12= 28,968 Annual
28,968/52= 557.08 Weekly
557.08/35= 15.92 Hourly
15.92*1.5= 23.87 OT
10 extra hours 2 are over 40 so 8 reg 2 OT
8*15.92= 127.33
2*23.87= 47.75 OT
1207+127.33+47.75= 1382.08 However this is wrong ... what did I
do wrong please advise.
Sheila Williams, a medical secretary, earns $2,414 monthly for a 35-hour week. For overtime work, she receives extra pay at the regular...
1. Jack earns $20 per hour and he gets an allowance of $100 per week. He...
1. Jack earns $20 per hour and he gets an allowance of $100 per week. He has 168 hours per week to spend on work and leisure. The price of consumption goods is normalized to $1. a. Draw Jack's budget line. (Label axis, give numbers for intercepts; indicate the magnitude of slope) (10 pts) b. If Jack could earn $30 per hour, how the budget line change? Show the new budget line in the graph from a). (Label axis, give...
The 40-hour work week is generally considered as a standard in American society today. Using data...
The 40-hour work week is generally considered as a standard in American society today. Using data from the 2006 General Social Survey, you wish to determine whether the mean number of hours worked per week by men in the sample differs from the 40-hour standard. Use all or some of the information below to calculate the value of the single sample t-statistic. Weekly Hours Worked Men Range Minimum value Maximum value Mean Variance Standard deviation Sum Number of observations 42.31...
23. Wu's job pays $12/hour, and requires him to be at work at least 40 hours/week. He is allowed to work as much overtime (hours > 40/week) as he wants, and overtime pays "time-and-a-half" for hours worked > 40/week and < 60/week, and "double time" for hours worked > 60/week. He earns no weekly endowment. What is the vertical value of the vertical intercept for Wu's choice (Leisure, $) bundles for a typical 168 hour week? set over
23. Wu's...
I am not sure what i did wrong here:
2,414/ month 35 hour work week
2,414*12= 28,968 Annual
28,968/52= 557.08 Weekly
557.08/35= 15.92 Hourly
15.92*1.5= 23.87 OT
10 extra hours 2 are over 40 so 8 reg 2 OT
8*15.92= 127.33
2*23.87= 47.75 OT
1207+127.33+47.75= 1382.08 However this is wrong ... what did I
do wrong please advise.
Sheila Williams, a medical secretary, earns $2,414 monthly for a 35-hour week. For overtime work, she receives extra pay at the regular...
1. Jack earns $20 per hour and he gets an allowance of $100 per week. He has 168 hours per week to spend on work and leisure. The price of consumption goods is normalized to $1. a. Draw Jack's budget line. (Label axis, give numbers for intercepts; indicate the magnitude of slope) (10 pts) b. If Jack could earn $30 per hour, how the budget line change? Show the new budget line in the graph from a). (Label axis, give...
The 40-hour work week is generally considered as a standard in American society today. Using data from the 2006 General Social Survey, you wish to determine whether the mean number of hours worked per week by men in the sample differs from the 40-hour standard. Use all or some of the information below to calculate the value of the single sample t-statistic. Weekly Hours Worked Men Range Minimum value Maximum value Mean Variance Standard deviation Sum Number of observations 42.31...
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