Preethi is a salaried, nonexempt administrative assistant and is paid semimonthly. Preethi is married filing jointly with five dependents nder 17. Annual salary is $80,600 with a standard work week of 37.5 hours, and the employer will pay overtime for excess hours over 87.5. During the pay period, 10 hours of overtime were worked. Required: Compute the gross pay for the period ending August 18.
Preethi is a salaried, nonexempt administrative assistant and is paid semimonthly. Preethi is married filing jointly with five dependents nder 17. Annual salary is $80,600 with a standard work week of 37.5 hours, and the employer will pay overtime for excess hours over 87.5. During the pay period, 10 hours of overtime were worked. Required: Compute the gross pay for the period ending August 18.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Preethi is a salaried, nonexempt administrative assistant and is paid semimonthly. Preethi is married filing jointly with five dependents
under 17. Annual salary is $80,600 with a standard work week of 37.5 hours, and the employer will pay overtime for excess hours over
37.5. During the pay period, 10 hours of overtime were worked.
Required:
Compute the gross pay for the period ending August 18.
Note: Do not round intermediate computations. Round your final answers to 2 decimal places.
Period Ended:
08/18/xxxx
Name
Filing Status Dependents Period Salary
Hourly Rate
Number of
Regular Hours
Number of
Overtime
Hours
Regular Earnings
Overtime
Earnings
Gross
Earnings
Preethi
MJ
5<17
+
10.00
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