2. Find a worker's gross pay if theworker is paid a straight pieceworkrate of P25 for each engraved plaquethe worker makes. For this week, theperson engraved 378 plaques.

The question is related Gross pay based on piece rate. Gross pay = Rate per piece × Total peice

Answered: 2. Find a worker's gross pay if the…

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

See similar textbooks

Similar questions

Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates.NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Amy Blackwood receives tips from customers as a standard component of her weekly pay. She is paid $2.38/hour by her employer and receives $155 in tips during the most recent 45-hour workweek. Calculate Gross Pay = $__________ Employees who receive tips are covered by the FLSA and therefore must be paid the applicable hourly minimum wage. A tipped employee is someone who typi-cally receives more than $30/month in tips. Employers can take advantage of a maximum tip credit of $5.12, which results in employees receiving an hourly wage of $2.13 ($7.25 minimum wage minus $5.12 tip credit). Employers who elect to take advantage of this tip credit must inform employees of their intention to do so…
Ryan Lawrence's hourly rate is $16. He receives 1 and half 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, 11 hours on Friday, and 6 hours on Sunday. Compute Lawrence's gross pay for the last week
P10-2B. Nickels Company of Windsor has five salaried employees. Your task is to record the following information in a payroll register for the last week of March. Use the tables in the chapter appendices to determine deductions. Employee Frank Suko Department Claim Code Weekly Salary $ 580 Sales Alberta Nobel Office 1 1,130 Jeremy Vijayan Nancy James Office Sales 4 560 Assume that each employee contributes $14 per week for union dues. Completing the payroll register
The following data relate to work in the finishing department of a certain factory. Normal working day 7 hours Basic rate of pay per hour $5 Standard time allowed to produce 1 unit 4 minutes Premium bonus payable at the basic rate 60% of time saved On a particular day one employee finishes 180 units. What is his gross pay for the day?
Susan Cejka receives an hourly wage of $11.25 for a 40-hour week of 5 days, 8 hours daily. For Saturday work, she is paid 1.5 times the regular rate. For Sunday work, she is paid 2 times the regular rate. One week, she worked 50 hours—4 hours of which were on Saturday and 6 hours on Sunday. Her total earnings for the week are _____.
Alan’s Affordable Running Products aka AARP has three employees: Brandon, the Manager, who earns a salary of $52,000 per year or $1,000 per week, Clarissa, the Sales Coordinator, who is paid $20 per hour, and David, the Shipper, who is paid $.20 per package shipped. Alan pays his employees every week and, this past week, Brandon worked all five scheduled days, Clarissa worked fifty (50) hours, and David shipped 4,500 packages. Record/journalize the employees’ payroll entry (pay attention to what’s asked for) by function (Management Salary Expense, Sales Wage Expense, & Shipping Wage Expense) now for the paychecks that will be issued this coming Friday, which will be the first time the employees are paid this calendar year. All the employees want 20% of their earnings withheld for Federal Income Tax purposes. The tax rates are: FICA Social Security 6.2% State Unemployment 5.4% Medicare…
Manuel Soto's regular hourly rate is $12. He receives 1½ times the regular rate for hours worked in excess of 40 hours a week and double the rate for work on Sunday. During the past week, Soto worked 8 hours each day Monday through Thursday, 11 hours on Friday, and 5 hours on Sunday. Compute Soto's gross pay for the past week.
Connie Gibbs collected a $2,000 bonus for her department's safety record for the year (52 weeks). During that year, Gibbs worked an average of 44 hours each week. Calculate the extra overtime pay due Gibbs for that year. Note: For each calculation, round to 2 decimal places before continuing to next computation. At next step, round to 2 decimal places. And then, round your final answer to the nearest cent.
6. Compute gross wages due to each employee under federal wage-hour law: а. Nona is a salaried employee and is paid $900 for a 32-hour workweek. One week, she works 40 hours. b. Sal is normally paid $600 for a 40-hour workweek. One week, he works 45 hours.
one week, Kevin earned $429.00 at his first job when he worked for 20 hours. If he is paid the same hourly wage, how much would he make the next if he worked 3 hours
Casey Na's average workweek during the first quarter of the year (13 weeks) was 43 hours. As part of his company's perfect attendance program, he earned a bonus of $975. Determine the extra overtime pay due Na for the first quarter. Note: For each calculation, round to 2 decimal places before continuing to next computation. At next step, round to 2 decimal places. And then, round your final answer to the nearest cent. Extra overtime pay $
Brandon, the Manager, who earns a salary of $52,000 per year or $1,000 per week, Clarissa, the Sales Coordinator, who is paid $20 per hour, and David, the Shipper, who is paid $.20 per package shipped. Alan pays his employees every week and, this past week, Brandon worked all five scheduled days, Clarissa worked fifty (50) hours, and David shipped 4,500 packages. Record/journalize the employees' payroll entry (pay attention to what's asked for) by function (Management Salary Expense, Sales Wage Expense, & Shipping Wage Expense) now for the paychecks that will be issued this coming Friday, which will be the first time the employees are paid this calendar year. All the employees want 20% of their earnings withheld for Federal Income Tax purposes. The tax rates are: 6.2% FICA Social Security State Unemployment 5.4% Medicare 1.45% Federal Unemployment 0.6% Book the taxes you withhold as one entry for all three employees, not separate entries for each employee.

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

2. Find a worker's gross pay if the worker is paid a straight piecework rate of P25 for each engraved plaque the worker makes. For this week, the person engraved 378 plaques. *