Mikee worked 8 hours a day from Monday to Saturday, including Thursday which is his rest day. He is paid 265 pesos per hour. a) Determine his gross pay for that week, if Mikee worked 8 hours a day from Monday to Saturday, including Thursday which is his rest day that he still worked. He is paid 265 pesos per hour. b) Determine his gross pay for that week if Mikee worked 8 hours a day from Monday to Saturday, including Thursday which is both his rest day and a special holiday that he still worked.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mikee worked 8 hours a day from Monday to Saturday, including Thursday which is his rest day. He is paid 265 pesos per hour.

a) Determine his gross pay for that week, if Mikee worked 8 hours a day from Monday to Saturday, including Thursday which is his rest day that he still worked. He is paid 265 pesos per hour.

b) Determine his gross pay for that week if Mikee worked 8 hours a day from Monday to Saturday, including Thursday which is both his rest day and a special holiday that he still worked.

 

Note: I'm confused. Aren't we going to use the formula for premium pay?

If he worked on his rest day: Gross Pay = Daily Wage Rate + (30% of Daily Wage Rate)

If he worked on a special holiday that overlaps with the rest day: Gross Pay = Daily Wage Rate + (50% of Daily Wage Rate)

Note 2: I'm still not sure if those will be the right formulas, but please do explain if the formulas above can not be applied on the problem. 

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