ate Xed$354.4040= $8.86Hence Mr. Riley's basic rate is $8.86per hour.(b) Mr. Riley's overtimerate at time-and-a-halfhe= 1,5 × The basic ratee Xed= 1.5 X $8.86= $13.29The overtime wageThe overtime ratethe overtime worked8159.48$13.29= 12 hoursHence Mr. Riley worked 12 hours overtime.57.50)= Exercise 5c =(1.A secretary works a 35-hour week for whichshe is paid $262.50. She works 6 hours over-time on Saturday which is paid for at time-and-a-half, and 4 hours overtime on Sunday whichis paid for at double-time. Calculate her grosswage for the week.2. In an engineering firm all employees work abasic week of 40 hours. Any overtime workedfrom Monday to Friday is paid for at time-and-a-quarter. Overtime worked on Saturday ispaid for at time-and-a-half, whilst on Sundayit is paid for at double-time. If the basic rate israge of a manrom Mondayturday and390.00rked 9 hoursela 6 hoursS

The sum of money paid by the employer to its workers for a specific period is known as wages. The…

Answered: 1. A secretary works a 35-hour week for…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Power is a contract worker. His basic pay is calculated at 40 hours at a normal rate of R50 per hour. In certain week, he worked 40 hours at normal rate. He then worked 13 hours overtime at 1,5 rate of the normal working hours. On Sunday and public holidays, he worked 7 hours at a rate of 2 times the normal rate. Calculate his gross pay. And calculate his net pay if the overtime and abnormal overtime rates remain the same per hour but Power worked for a four week month and that R1200 medical aid contribution is deducted.
Brendan is an hourly worker. During a week pay period, he worked the following hours and minutes: Days Hours minutes Monday 8 45 Tuesday 7 52 Wedbesday 8 0 Thursday 9 36 Friday 8 24 Usig the quarterly-hour method, how many total hours dd Brandon work tht week?
Sara Simpson worked 45 hours last week at $26.75 per hour. Her company pays time and a half overtime for all hours over 40 per week. Find her gross earning for the wee. Round to the cents place or hundredths place.
9. You are a computer technician for Data Control. You earn a regular hourly rate of $15.40. You earn time and a half for work on Saturdays and double time on Sundays. This week you worked 38 hours from Monday through Friday, 8 hours on Saturday, and 5 hours on Sunday. What is your total pay for the week? HALGERI 40-hour work week. Her for a reguler pay 1or any hours over 40 per
Glenda Rome earns $980 biweekly and works a standard 40-hour workweek. Compute Rome’s regular hourly and overtime rates. Select one: a. $24.50 and $18.38 b. $12.25 and $18.38 c. $12.25 and $36.75 d. $24.50 and $36.75
Sam earns an hourly rate of $15.50 for a 40-hour week. He receives double-time for and weekend work. This week he worked his regular 40 hours plus 10 hours on Sunday. Calculate his gross pay.
Jill Cole’s regular rate of pay is $ 10 per hour with one and one-half times her regular rate for any hours that exceed 44 hours per week. She worked 52 hours last week. Her gross wages were * $ 520. $ 440. $ 560. $ 880.
Calculate Sam’s gross pay (he is entitled to time-and-a-half for overtime hours worked. Monday 9 1/4 Tuesday 9 1/4 Wednesday 10 1/2 Thursday 8 1/2 Friday 11 1/2 Total Hours: Rate per Hour: $8 Gross pay:
Melissa Grossman is the manager of a video store and earns $9.50 per hour with time-and-a-half for overtime and double-time on Sundays. What is Melissa's total gross pay for last week, if she worked 43 hours Monday through Saturday, plus a 5-hour shift on Sunday?
Dennis Murphy is a salaried, nonexempt administrative assistant for Dionti Investments and is paid semimonthly. He is married filing joint with five dependents under 17. His annual salary is $91,000, and his standard workweek is 37.5 hours. During the pay period, he worked 10 hours overtime. Find the hourly rate, overtime rate, and the number of regular hours and overtime hours.
Laura earns 6 RO per hour and is paid time-and-a-half for all time over 8 hours worked on a given day. She works the following hours in a week: Sunday 10.5 hours, Monday 8 hours, Tuesday 10.75 hours, Wednesday 5.75 hours and Thursday 8 hours. Find her gross earnings.
How would I calculate hourly rate for a non exempt employee with hours past 40? How would I factor in overtime? EX: Cooper worked 88 hours from 10/1 to 10/15 and is paid semi monthly. He earns 62,000 annually.

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1. A secretary works a 35-hour week for which she is paid $262.50. She works 6 hours over- time on Saturday which is paid for at time-and- O a-half, and 4 hours overtime on Sunday which is paid for at double-time. Calculate her gross wage for the week.