Next Question Find the overtime rate, the amount of earnings at regular pay, the amount at overtime pay wages for the employee. Hours in excess of 40 are overtime hours. Name Reg. Hrs. O.T. Hrs. T w Th F Total Hrs. Bond, R. 7.7 8.9 5.5 4.3 4.5 9.1 --- ..... Reg. O.T. Gross Earnings Name Rate Rate Regular Overtime Total Bond, R. $7.46 $ What was the overtime rate for Mr. Bond? (Round to the nearest cent.) What was the amount of earnings at Mr. Bond's regular pay? (Round to the nearest cent.) What was the amount of earnings at Mr. Bond's overtime pay?
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- Gross earnings is______________________. An amount of money paid to an employee at a specified rate per hour worked A fixed amount of money paid to an employee for each pay period The total amount of money an employee earns in a pay period; also called gross pay A record of the time an employee arrives at work, leaves work, and the total number of hours worked each dayComplete the following table (assume the overtime for each employee is a time-and-a-half rate after 40 hours): (Do not round Intermediate calculations. Round your "overtime rate" and "gross earnings" to the nearest cent.) Total Total regular overtime Regular Gross Employee MT W Th F Sa hours hours rate Overtime rate earnings Ryan 12 8 10 6 3 40 7 $7.80 esFind 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. Name M T. Th F Reg. Hrs. O.T. Hrs. Reg. Rate O.T. Rate Damon, T. 3 9 5 $7.32 --- ..... What is the number of regular hours worked by Mr. Damon? hours How many overtime hours did Mr. Damon work? hours What was the overtime rate for Mr. Damon? $ (Round to the nearest cent.)
- Assume an employee has a gross pay of $500 and vacation pay is paid out at 4%. How much extra gross pay does the employee receive on their paycheque? Select one: a. $500 O b. $0 c. $20 d. $480Which of the following methods of payroll calculation offers minimum wage standards and overtime allowances for employees? O a. Differential pay O b. Variable Commission Scale O c. Hourly Rate of pay O d. Salary Plus CommissionWhat is the salary allowances of 47000, and 59000 respec and the balance divided equally
- Compute for the weekly earnings of each employee with a time and a half overtime pay. Total Hours Overtimehours Regular rate/hr Alma 40 5.5 P 320.00 Cindy 40 7 P 350.00 Susan 40 4.5 P 400.00 Determine the overtime pay, weekly earnings and total pay.63. Overtime wages, including overtime premium paid to direct laborer, if overtime was due to customer specifications, should be: a• Debited to WIP b• Debited to WIP and OH c• Debited to OH d• Expenses e• None of the aboveCan you help with this question, please? Amount to BeWithheld Employee FilingStatus No. of WithholdingAllowances Gross Wageor Salary PercentageMethod Wage-BracketMethod Lennon, A. MFJ N/A $675 weekly Starr, P. MFJ N/A 1,929 weekly McNeil, S. S N/A 1,775 biweekly Harrison, W. HH N/A 2,580 semimonthly Smythe, M. HH N/A 5,380 monthly
- Employees’ earnings and taxesA weekly payroll summary made from labor time records showsthe following data for Pima Company:HourlyRateHoursEmployee Classification Regular OvertimeTu, H. Direct $12 40 2Dante, J. Direct 12 40 3Jamal, M. Direct 15 40 4Marcus, L. Indirect 9 40Alexander, T. Indirect 18 40Overtime is payable at one-and-a-half times the regular rate of payand is distributed to all jobs worked on during the period.a. Determine the net pay of each employee. The income taxes withheldfor each employee amount to 15% of the gross wages.b. Prepare journal entries for the following:1. Recording the payroll.2. Paying the payroll.3. Distributing the payroll. (Assume that the overtime premiumwill be charged to all jobs worked on during the period.)4. The employer’s payroll taxes. (Assume that none of theemployees has achieved the maximum wage bases for FICAand unemployment taxes.)Hello, can you help me with this question? Amount to BeWithheld Employee FilingStatus No. of WithholdingAllowances Gross Wageor Salary PercentageMethod Wage-BracketMethod Lennon, A. MFJ N/A $675 weekly $fill in the blank 1 $fill in the blank 2 Starr, P. MFJ N/A 1,929 weekly fill in the blank 3 fill in the blank 4 McNeil, S. S N/A 1,775 biweekly fill in the blank 5 fill in the blank 6 Harrison, W. HH N/A 2,580 semimonthly fill in the blank 7 fill in the blank 8 Smythe, M. HH N/A 5,380 monthly fill in the blank 9 fill in the blank 10Calculate Sam's gross pay (he is entitled to time-and-a-half). M 1 9 9 4 1 W Th F Total hours Rate per hour Gross pay 1 1 1 10 00 8 11 $ 8.00 2 2 2