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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Mossdale Manufacturing Company pays the regular hourly rate for the first 40 hours worked and time and a half thereafter. Sandra Beal worked 46 hours this week. Her regular hourly rate is $15.60. Compute Beal's total earnings.
Denger
David Letterman works in the production department of Northeast Plastics (NEP) as a machine operator. David, a long-time employee of NEP, is paid on an hourly basis at a rate of $24 per hour. David works five 8-hour shifts per week Monday–Friday (40 hours). Any time David works over and above these 40 hours is considered overtime for which he is paid at a rate of time and a half ($36 per hour). If the overtime falls on weekends, David is paid at a rate of double time ($48 per hour). David is also paid an additional $24 per hour for any holidays worked, even if it is part of his regular 40 hours. David is paid his regular wages even if the machines are down (not operating) due to regular machine maintenance, slow order periods, or unexpected mechanical problems. These hours are considered “idle time.” During December David worked the following hours: Included in the total hours worked are two company holidays (Christmas Eve and Christmas Day) during Week 4. All overtime worked by David…
Ryan Lawrence’s regular hourly rate is $15. He receives 1½ times the regular rate for any hours worked over 40 a week and double the rate for work on Sunday. During the past week, Lawrence worked 8 hours each day Monday through Thursday, 10 hours on Friday, and 5 hours on Sunday. Compute Lawrence’s gross pay for the past week
4. Sam Tully works two separate jobs for Mountain Company. During the week, Job A consisted of 38 hours at $20 per hour; Job B involved 15 hours at $14 per hour.What is Sam’s total earnings for this workweek if Mountain Company uses the average rate basis for calculating overtime?
Jon Stone is paid $20 an hour for an 8-hour day, with time-and-a-half for overtime and double-time for Sundays and holidays. Regular employment is on the basis of 40 hours a week, 5 days a week. Overtime premium is charged to Factory Overhead. Required: Using the labor-time record below: a. Compute Jerrod's total earnings for the week. b. Present the journal entry to distribute Jerrod's total earnings. Sunday Monday Tuesday Wednesday Thursday Friday Saturday ТОTAL Job F2 3 5 4 31 Job M1 1 3 6 14 Admin 1 3 6 TOTAL 8. 8. 8 10 51
Stefani Wilson, a medical secretary, earns $3,650 monthly for a 372-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hou and time and one-half beyond 40 hours in any week. During one semimonthly pay period, Wilson worked 6 hours overtime. Only 2 hours of this overtime were beyo 40 hours in any one week. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a. The regular semimonthly earnings 1,825
am. 105.
Kevin is employed at $8 per hour. He is paid time and a half for hours of work in excess of 44 hours per week. Last week he worked for 50 hours. His gross earnings were: A. $324B. $400C. $424D. $600
1. Carla Maloney is a waitress who regularly receives $80 each week in tips and works 40 hours each week.What is the minimum gross weekly pay, excluding tips, that the restaurant could pay Maloney without violating the FLSA?2. Fall is paid a biweekly salary of $937.50. Overtime is paid for hours beyond 40 in each workweek. One week, Fall works 3 hours overtime.What is Fall's pay for this biweekly pay period3. Moe receives 16 cents for every unit produced. Moe produces 2,976 pieces in a 43-hour workweek. For overtime, Moe is paid a sum equal to one-half the regular hourly pay rate multiplied by the number of overtime hours.What is Moe’s total earnings for this workweek?4. Sam Tully works two separate jobs for Mountain Company. During the week, Job A consisted of 38 hours at $20 per hour; Job B involved 15 hours at $14 per hour.What is Sam’s total earnings for this workweek if Mountain Company uses the average rate basis for calculating overtime?5. James receives an annual $25,700 base…
Make an Excel spreadsheet to compute gross wages due each employee under federal wage-hour law. See notes below. a. Ryan is normally paid $1,000 for a 40-hour workweek. One week, he works 46 hours. b. Latisha is normally paid $1,200 for a 40-hour workweek. One Monday she is out sick but receives 8 hours sick pay. She then works 40 hours Tuesday–Friday. c. Al is normally paid $500 for a 40-hour workweek. One week, he works 45 hours. d. Lee is normally paid $1,500 for a 40-hour workweek. To make up for leaving early one Friday, he works 44 hours this week. THANK YOU FOR YOUR HELP.

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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.