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 |
Homework Answers
| Employee No. | Hourly Rate | Total Hours Worked | Overtime Rate | Overtime Hours Worked | Regular earnings | Overtime earnings | Gross earnings |
| 1 | 11.00 | 46 | 16.50 | 6 | 440.00 | 99.00 | 539.00 |
| 2 | 10.62 | 47 | 15.93 | 7 | 424.80 | 111.51 | 536.31 |
| 3 | 10.46 | 38 | 15.69 | 0 | 397.48 | 0.00 | 397.48 |
| 4 | 10.80 | 48 | 16.20 | 8 | 432.00 | 129.60 | 561.60 |
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