Employees at Pete's Packaging earn time-and-a-half pay for all hours worked beyond 40 hours. Last week an employee worked a total of 65 hours. How much overtime pay did the employee earn if his regular pay rate is $12.28 per hour?

Employees at Pete's Packaging earn time-and-a-half pay for all hours worked beyond 40 hours. Last week an employee worked a total of 65 hours. How much overtime pay did the employee earn if his regular pay rate is $12.28 per hour?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: The regular working days in a factory are Monday to Friday. Joe and Pat (who are being paid P25 and…

A: Job 31: J's labor cost=Rate×Number of hours…

Q: Gall Schneewels is a nurse at Central City Hospital. She is paid $32.87 per hour and has a 40-hour…

A: Gross pay of the employee includes the normal pay and overtime pay. Overtime pay is the extra…

Q: Calculate his gross pay for the week using the overtime premium approach to calculate the overtime…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: Herbert sullen Manages a frosty boy drive-in his straight time pay is $16 per hour with time and a…

A: Calculate overtime pay rate.

Q: - Naveen Borah is a maintenance worker. He earns $12.80 per hour for 40 hours and time and a half…

A: Hourly Wage = 12.80 Work Hours per week = 40 Overtime pay = 1.5 times Hourly Wage = 1.5×12.80 =…

Q: Floatin Away Company has three employees-a consultant, a computer programmer, and an administrator.…

A: Payroll Calculations for Floatin Away CompanyConsultant:Regular earnings rate: $5,000 per week…

Q: Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is…

A: Overtime wage rate = regular wage rates x 1.5 times = $11.45/hour x 1.5 = $17.18/hour

Q: A foundry employee worked a normal 40-hour shift, but four hours were idle due to a small fire in…

A: 1.

Q: Gabrielle Pavon, a waitress at the Hole-in-the-Wall restaurant, worked 44 hours this week and…

A: Answer:- Full Trip Credit against minimum wages:- The lowest hourly compensation that an employee…

Q: Alex worked 52 hours during the week. His normal working week consists of 40 hours, of which 36…

A: Formula: Wage pay amount = Hours worked x pay per hour

Q: Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,044 per week, her…

A: Normal Earning: When the workers or other people working on the normal hours then he will be earned…

Q: Builders Construction Company pays its employee, Robby Tower, time-and-a-half of regular rate for…

A: Wages are an expense incurred in exchange for the services provided by the workers. This could be…

Q: Jack Kentson works a 40-hour week with overtime paid at 11⁄2 times his regular rate of pay of…

A: Regular working hours means number of hours for which employees will work normally. Overtime hours…

Q: Q.19. Greenland Company pays the regular hourly rate for the first 40 hours worked and time and a…

A: 1) For the first 40 hrs, hourly rate is $122) For the next 6 hrs (46 hrs - 40 hrs) , rate is time…

Q: Floatin Away Company has three employees-a consultant, a computer programmer, and an administrator.…

A: Payroll is the method used to determine and pay employees for the job they have completed while…

Q: Alex worked 52 hours during the week. His normal working week consists of 40 hours, of which 36…

A: The question is based on the concept of Financial Accounting.

Q: Rio Company pays time and a half for hour in excess of 40 hours per week. An individual is paid…

A: Weekly Earning of Employee: When we talk about "Weekly Earnings," we're referring to the typical…

Q: What is Emery's gross pay for the week using both quarter-hour and hundredth hour methods?

A: Day1st Half Time2nd half time1st Half Time2nd half…

Q: A man earns $15.50 per hour with time and a half for overtime and he worked 48 hours during a recent…

A: Lets understand the basics. For answering the question, we are required to answer using below…

Q: The HIM director, Linda, has been given $15,000.00 for the overtime needed to catch up on the loose…

A: Hours can be worked overtime = Overtime amount is given / Average Staff salary

Q: Ryan Lawrence's hourly rate is $16. He receives 1 and half times the regular rate for any hours…

A: Gross pay refers to the total amount received by the employer from their employee without any…

Q: Carson Beck works at the local Worst Buy Shop. As a full-time student at the local university, he is…

A: Beck's Earnings for the week = 37 hours X $4.20 Beck's Earnings for the week = $155.40

Q: Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an…

A: A journal entry is a primary entry that records the financial transactions initially.

Q: Calculate James net pay for the week.

A: Given in the question: Normal Working Hours per day 8 Hours Any overtime of a day the…

Q: The accounting clerk at Tenity Enterprises is paid $10.40 per hour. During a week’s pay period, the…

A: The gross pay indicates the total wages warned by the employee. The gross pay refers to the total…

Q: Note: For each calculation, round to 2 decimal places before continuing to next computation. At next…

A: Over time per week = earned bonus amount/no. of weeks = $975/13…

Q: man worked 47 hours in one week. His regular pay was S7.80 per hour with time and a half for…

A: If an employee works more than a specified number of hours in a week, the additional hours are…

Q: Brendan is an hourly worker. During a week pay period, he worked the following hours and minutes:…

A: Day hours minutes Monday 8 45 Tuesday 7 52 Wednesday 8 0 Thursday 9 36 Friday 8 24 Total…

Q: overtime premium

A: Overtime premium is the excess wage paid in addition to regular wages.

Q: Kipley Company is a small manufacturing firm located in Pittsburgh, Pennsylvania. The company has a…

A: Salary per week of salaried employee = salary mer month /4 salary per hour of salaried employee =…

Q: e Norman Company recently adopted an incentive plan. Factory workers are paid P7.50 per unit with a…

A: Factory workers are company employees who are required to manufacture products in exchange for…

Q: Jill Cole’s regular rate of pay is $ 10 per hour with one and one-half times her regular rate for…

A: Wages are the reward for doing work. It is one of the factor income that is given to the workers…

Q: Determine the gross pay and the net pay for each of the three employees for the current pay period.…

A: Gross Pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by an…

Q: For the first week of May, Frank Taylor worked 33 hours. Frank earns $16.40 an hour. His employer…

A: The gross pay of an employee represents the total earning of the employee. The employer pays…

Q: Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator.…

A: Computation is represented as below:

Q: Rio Company pays time and a half for hour in excess of 40 hours per week. An individual is paid…

A: Employee earning is a combination of regular earning and overtime earnings. The overtime earning is…

Q: During the past week, four employees of Lovo Inc. worked the number of hours shown in the table. All…

A: Hourly rate: It is the rate per hour for the payment of wages to the employee

Q: Jill Foster worked 54 hours in one week for Delta Airlines. Jill earns $12 per hour. Whatis Jill’s…

A: The question is to find the total gross pay of an employee, which is calculated as the sum of…

Q: he timesheet of employee Stevens shows that he worked 44 hours during a 40 hour work week. On the…

A: Working :- Particulars Amount $ Amount $…

Q: A loom operator in a textiles factory earns $16 per hour. By contract, the employee earns $24 (time…

A: 1.

Q: Perill Co. has a five-day workweek (Monday through Friday). Employees earn $650 per day. If the…

A: Wage expense accrued on Wednesday = Wages per day x no. of days

Q: Shawn, an outside sales representative for Marosh Communications in Caldwell, Idaho, receives a 5…

A: Gross pay is the total amount of money an employee earns from an employer before any deductions or…

Q: A company pays a basic rate of N$5 per hour. An employee is expected to work seven hours a day…

A: Wage refers to the amount that is paid by the company to their employees for the services provided…

Q: . If this was a BELO plan with a pay rate of $23.45 per hour and a maximum of 48 hours, how much…

A: Overtime is time worked above the normal working hours . Since the Worker is working more than what…

Q: Bert Garro is a waiter at La Bron House, where he receives a weekly wage of $75 plus tips for a…

A: Minimum wage is known as the minimum sum of amount an employer needs to pay to its employees that is…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Denger
Kurt Lopez began work this week for the Jaworski Company. Based on a 5-day workweek, his annual salary is $78,000, and he meets the test of an exempt white-collar employee. Since he started working on Tuesday, his first week's pay would be $1,200. $78,000/52 weeks = Gross pay $1,500 $1,500 × 4/5 = $1,200 Connie Duffy started working for Dexter Company on Thursday of this week. She worked 8 hours on Thursday and 9 hours on Friday. Her annual salary is $57,200, and she is an exempt white-collar employee. Determine her gross pay for her first partial week of work.
Melek Okapi earned $100 for a 40-hour workweek. During that week, Melek also receives tips of $110.00. Complete the statements below. 1. What hourly rate is being paid to Melek? 2. What tip hourly rate is being paid to Melek? 3. How much must the employer pay Melek in addition to her weekly wage?
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
Calculate gross pay (regular earnings + overtime earnings) for each of the following employees. Every employee earns hourly overtime wages 1.5 times greater than their regular wage rate. Shelley Brothers earns $9.25/hour and worked 46 hours during the most recent week. Don Beldon earns $7.50/hour and worked 43 hours during the most recent week. Alex Donaldson earns $21.75/hour and worked 49 hours during the most recent week. Jason Kindler earns $11/hour and worked 45 hours during the most recent week. Sam Wilder earns $19.35/hour and worked 53 hours during the most recent week.
A man worked 48 hours in one week. His regular pay was $7.20 per hour with time and a half for overtime. Find his gross earnings for the week.
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…
C works in Aling Manok from 8am to 5pm, with 1 hour meal break. C’s daily rate is P350.00 (P43.75/hour). C’s rest day is Wednesday. Suppose, C worked on a Tuesday from 8am to 8pm, how much is his total pay for that day? * A. P504.75B. P525.00C.P514.00D. 508.50
Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Computer Programmer Administrator Regular earnings rate $4,000 per week Not applicable $60 per hour 1.5 times hourly rate $50 per hour 2 times hourly rate Overtime earnings rate* Number of withholding allowances 2 *For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. For the current pay period, the computer programmer worked 50 hours and the ad- ministrator worked 48 hours. The federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit 2 in the chapter. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $75. Determine the gross pay and the net pay for each of the three employees for the current pay period.
Winter submitted a pay card reflecting the following hours worked at Kicy, Incorporated. Winter earns $14.15 per hour. The company pays overtime only on hours worked exceeding 40 per week. The company is considering changing from quarter-hour to hundredth- hour time collection. Under the current quarter-hour system, each time the employee clocks in or out, the time is rounded to the nearest quarter-hour. Required: 1. Calculate Winter's time for both the quarter-hour and hundredth-hour systems. 2. Calculate Winter's total pay in the hundredth-hour and quarter-hour systems. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Winter's time for both the quarter-hour and hundredth-hour systems. Note: Round your intermediate calculations and final answers to 2 decimal places. In 7:30 9:25 7:10 6:02 Out 11:20 12:28 11:43 11:05 In 12:17 1:40 12:26 12:06 Out 5:18 6:12 5:35 6:04 Total Hours with Total Hours with Hundredth-hour Quarter-hour
Sheila Williams, a medical secretary, earns $2,498 monthly for a 34-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hours and time and one-half beyond 40 hours in any week. During one semimonthly pay period, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute the following amounts. a. The regular semimonthly earnings b. The overtime earnings c. The total earnings