a) Syed works in a construction company.He earns RO 8 per hour and worked 45hours per week. At the end of 7th monthrate per hour increased to RO 10. Accordingto the agreement, he is eligible for overtime(time-and-a-half pay) based on 38 hours regularwork per week. You are required to calculateannual gross pay of Syed? Assume that 4weeks in a month.

Gross earnings are the total earnings an employee earns for a period like, annually, weekly and…

Answered: a) Syed works in a construction…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

Charles earns an annual salary of $72,100 paid biweekly based on a regular workweek of 36.25 hours. His company generously pays all overtime at twice his regular wage. If Charles worked 85.5 hours over the course of two weeks, what are his gross earnings? Question Two:
Peter Greeda's regular hourly wage rate is $13, and he receives 1.5 times his normal rate for hours worked in excess of 40. During a March pay period, Peter worked 47 hours. Peter's federal income tax withholding is $80, and he has no voluntary deductions. Compute Peter's gross earnings for the pay period. Round your answer to 2 decimal places.
Lucille receives an annual salary of $37,500 based on a 37.5 hour workweek. What are her gross earnings for a 2 week pay period in which she works 9 hours of overtime at 1.5 times her regular rate of pay?
Connor has an annual salary of $43,000, and his company pays him twice a month. How much is withheld for FICA on each paycheck that Connor receives?
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.
Christine Boone is an employee at Americamp Vehicles. She earns a salary of $35,450 annually, paid biweekly. She contributes to the following fringes benefits and other deducations: Medical insurance: $108 per pay period Dental insurance: $29 per pay period 401(k): 5% of gross pay Union dues: $114 per month Additional withholding: $89 per month Required: What is the total annual amount of Christine's fringe benefits and other deductions? Round your answer to 2 decimal places. Medical insurance dental insurance 401(k) union dues additional withholding Total amount of Christine's fringe benefits and other deducations
Juan works on a holiday for which he receives 8 hours' regular pay and 8 hours' holiday pay. During the rest of the workweek he works 32 hours. If his normal pay rate is $8 per hour, how much pay must he receive under federal law? a. 416.00 b. 320.00 c. 448.00 d. 384.00
Francis worked 10 hours from Monday to Friday. Overtime is based on an 8-hour workday and his daily wage rate is ₱800. If Friday was his rest day and, coincidently, a special holiday, determine his gross pay for those 5 days of work.
Calculate Freddy’s labour rate per hour
lan McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid the regular rate for all hours worked for 40 hours per week. His Federal 11% of his salary . lan is single and claims 1 withholding allowances on his W-2 form. His weekly wages are subject to the following deductions.
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.
Sophie Gowna, 47 years old, works for an Ontario company with a Bi-weekly pay cycle. She earns $18.5 per hour and receives over-time paid at time and a half for any hours worked over 44 in a week. Sophie has worked 92 hours in this pay period. She receives $100 of cash gifts and awards in this pay and 4% vacation in each pay. She also receives $85 of monthly cash automobile allowances for compensating the kilometres driven for business use of her personal vehicle. The company paid $45 life insurance premium per month to Sunlife Insurance for all employees, and paid $55 cell phone service fees to Bell Canada for her personal use. Sophie pays $15 per month in union dues and contributes 5% of her regular hours' wage to a Registered Retirement Savings Plan each pay cycle. What is Sophie's insurable earnings for this pay cycle? A D. S 1,954.71 (B) A. $ 1,908.56 C C.S 1,993.94 D B. $ 1,973.18 Last saved 1:32:5

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