Find the number of regular hours and the overtime hours (hours over 40) for the employee. Then calculate the overtime rate (time and a half) for the employee.NameMThFSReg. Hrs.O.T. Hrs.Reg. RateO.T. RateDamon, T.8.7578.25$20.18.....What is the number of regular hours worked by Mr. Damon? hehours(Type an integer or decimal rounded to two decimal places as needed.)How many overtime hours did Mr. Damon work?hours(Type an integer or decimal rounded to two decimal places as needed.)What was the overtime rate for Mr. Damon? $(Round to the nearest cent.)

The actual number of hours worked by the employee which are over and above regular working hours is…

Answered: Find the number of regular hours and…

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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Choose the best definition of gross pay A. The number of hours over 40 that are worked in a week. B. A fixed amount of wages paid, usually on a yearly basis, regardless of how many hours are worked. C. The amount of money earned for a specific amount of time before any deductions are made.
Computing Overtime Rate of Pay and Gross Weekly Pay Marcos Putnam receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Putnam's overtime rate of pay. overtime pay per hour b. Calculate Putnam's total gross weekly pay if he works 45 hours during the week. %24 %24
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Subject:- Accounting
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