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Nigel McCloskey i

Nigel McCloskey i

FINANCIAL ACCOUNTING
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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Nigel McCloskey is a waiter at Albicious Foods in South Carolina. He is single with one withholding allowance. He receives the standard tipped hourly wage. During the week ending October 22, 20XX, he worked 44 hours and received $186 in tips. Calculate his gross pay, assuming his tips are included in the overtime rate determination. Use Table 3-1. Required: 1. Complete the payroll register for Nigel McCloskey. 2a. Does Albicious Foods need to contribute to Nigel's wages to meet FLSA requirements? 2b. If so, how much should be contributed? Complete this question by entering your answers in the tabs below. Req 1 Company Req 2a Complete the payroll register for Nigel McCloskey. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Name Nigel McCloskey Req 2b Albicious Foods M/S S # of W/H 1 Regular Hourly Rate $ Period Ended: Overtime Rate 2.13 $ 3.19 No. of Regular Hours 40.00 < Req 1 10/22/20XX No. of Overtime Hours Regular Earnings 4.00 $ Req 2a > Tips 85.20 $ 186.00 Overtime Earnings 12.78 Gross Earnings $ 283.98
Transcribed Image Text:Nigel McCloskey is a waiter at Albicious Foods in South Carolina. He is single with one withholding allowance. He receives the standard tipped hourly wage. During the week ending October 22, 20XX, he worked 44 hours and received $186 in tips. Calculate his gross pay, assuming his tips are included in the overtime rate determination. Use Table 3-1. Required: 1. Complete the payroll register for Nigel McCloskey. 2a. Does Albicious Foods need to contribute to Nigel's wages to meet FLSA requirements? 2b. If so, how much should be contributed? Complete this question by entering your answers in the tabs below. Req 1 Company Req 2a Complete the payroll register for Nigel McCloskey. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Name Nigel McCloskey Req 2b Albicious Foods M/S S # of W/H 1 Regular Hourly Rate $ Period Ended: Overtime Rate 2.13 $ 3.19 No. of Regular Hours 40.00 < Req 1 10/22/20XX No. of Overtime Hours Regular Earnings 4.00 $ Req 2a > Tips 85.20 $ 186.00 Overtime Earnings 12.78 Gross Earnings $ 283.98
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