+ Name Penny Bart Laura Sam Lisa Bart: Penny: 40 regular hours * $15 = $600 2 overtime hours * (15*1.5) = $45 Commission: $8,500 * .03 = $255 Total gross pay = $900.00 Laura: Time Worked Sam: 42 hours 55 hours 1 week 38 hours 50 hours Lisa: Rate of Pay $15.00 $12.50 $55,000 year $14.50 $8.00 Using the table above, calculate the gross earnings for each of the employees. Remember to take overtime hours into consideration. Also, calculate commission where applicable and add it to the gross hourly pay. Show your work! The first one is done for you. Commission % 3% 1% N/A N/A 2% Sales $8,500 $14,300 N/A N/A $22,050

+ Name Penny Bart Laura Sam Lisa Bart: Penny: 40 regular hours * $15 = $600 2 overtime hours * (151.5) = $45 Commission: $8,500 .03 = $255 Total gross pay = $900.00 Laura: Time Worked Sam: 42 hours 55 hours 1 week 38 hours 50 hours Lisa: Rate of Pay $15.00 $12.50 $55,000 year $14.50 $8.00 Using the table above, calculate the gross earnings for each of the employees. Remember to take overtime hours into consideration. Also, calculate commission where applicable and add it to the gross hourly pay. Show your work! The first one is done for you. Commission % 3% 1% N/A N/A 2% Sales $8,500 $14,300 N/A N/A $22,050

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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