PSc 2-6 Calculate Gross PayCalculate gross pay for each of the five employees listed in the prior exercise:NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.1: Alice Rhoades earns a weekly wage of $1,200. During the most recent week, she worked 48 hours.Gross Pay = $2: Hank Long earns a biweekly wage of $3,600. During the most recent week, he worked 47 hours.Gross Pay = $3: Barry Adams earns an annual salary of $80,000. During the most recent week, he worked 59 hours.Gross Pay = $4: Sue Martin earns a monthly salary of $6,700. During the most recent week, she worked 49 hours.Gross Pay = $5: Gary McKay earns a semimonthly salary of $2,290. During the most recent week, he worked 45 hours.Gross Pay = $ PSc 2-5 Determine Hourly Regular and Overtime Wage RatesDetermine both the regular and overtime wage rates for each of the following employees. All are paid an overtime wage rate 1.5 times their respective regular wage rates.NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.1: Alice Rhoades earns a weekly wage of $1,200. During the most recent week, she worked 48 hours.Regular Wage Rate = $Overtime Wage Rate = $2: Hank Long earns a biweekly wage of $2,900. During the most recent week, she worked 45 hours.Regular Wage Rate = $Overtime Wage Rate = $3: Barry Adams earns an annual salary of $90,000. During the most recent week, she worked 59 hours.Regular Wage Rate = $Overtime Wage Rate = $4: Sue Martin earns a monthly salary of $6,500. During the most recent week, she worked 41 hours.Regular Wage Rate = $Overtime Wage Rate = $5: Gary McKay earns a semimonthly salary of $2,850. During the most recent week, he worked 48 hours.Regular Wage Rate = $Overtime Wage Rate = $

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PSc 2-6 Calculate Gross Pay Calculate gross pay for each of the five employees listed in the prior exercise: NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Alice Rhoades earns a weekly wage of $1,200. During the most recent week, she worked 48 hours. Gross Pay = $ 2: Hank Long earns a biweekly wage of $3,600. During the most recent week, he worked 47 hours. Gross Pay = $ 3: Barry Adams earns an annual salary of $80,000. During the most recent week, he worked 59 hours. Gross Pay = $

PSc 2-6 Calculate Gross Pay Calculate gross pay for each of the five employees listed in the prior exercise: NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Alice Rhoades earns a weekly wage of $1,200. During the most recent week, she worked 48 hours. Gross Pay = $ 2: Hank Long earns a biweekly wage of $3,600. During the most recent week, he worked 47 hours. Gross Pay = $ 3: Barry Adams earns an annual salary of $80,000. During the most recent week, he worked 59 hours. Gross Pay = $

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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Computing Overtime Rate of Pay and Gross Weekly Pay Rebecca Huang receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Huang's overtime rate of pay. %$4 overtime pay per hour b. Calculate Huang's total gross weekly pay if she works 45 hours during the week.
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4. Sam Tully works two separate jobs for Mountain Company. During the week, Job A consisted of 38 hours at $20 per hour; Job B involved 15 hours at $14 per hour.What is Sam’s total earnings for this workweek if Mountain Company uses the average rate basis for calculating overtime?
Janel is a nurse at Central City Hospital and is paid $31.75 per hour for a 40-hour standard workweek. During the biweekly pay period from January 10–21, Janel worked a total of 85 hours. Required:What is Janel's gross pay?Note: Round your intermediate calculations and final answer to 2 decimal places.
3. During one week, three employees of the Snowshoe Lodge worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee. Regular Hourly Rate Overtime Earnings Hours Worked 48 Regular Earnings Gross Pay No. 1 $27.50 S18.25 41 3 $20.00 50
vd subject-Accounting
Computing Weekly Gross Pay Guy Fauchet's regular hourly rate is $12. He receives 1½ times the regular rate for hours worked in excess of 40 hours a week and double the rate for work on Sunday. During the past week, Fauchet worked 8 hours each day Monday through Thursday, 11 hours on Friday, and 7 hours on Sunday. Compute Fauchet's gross pay for the past week.
Make an Excel spreadsheet to compute gross wages due each employee under federal wage-hour law. See notes below. a. Ryan is normally paid $1,000 for a 40-hour workweek. One week, he works 46 hours. b. Latisha is normally paid $1,200 for a 40-hour workweek. One Monday she is out sick but receives 8 hours sick pay. She then works 40 hours Tuesday–Friday. c. Al is normally paid $500 for a 40-hour workweek. One week, he works 45 hours. d. Lee is normally paid $1,500 for a 40-hour workweek. To make up for leaving early one Friday, he works 44 hours this week. THANK YOU FOR YOUR HELP.
PSb 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Billy Fortuna earns both $11.45/hour and a 10% commission on all sales. During the most recent week, he worked 47 hours and made total sales of $8,800. Gross Pay = $ 2: Emily Robinson earns both $8.10/hour and $35 for every sale she completes. During the most recent week, she worked 55 hours and made a total of 49 sales. Gross Pay = $ 3: Richard Eisenhower earns both $14.90/hour and a 14% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $5,700. Gross Pay = $ 4: Zoey Jefferson earns both $19.10/hour, $5 for every sale of Product A, and $18 for every sale of Product B. During the most recent week,…
PSc 2-1: Identify Pay Periods & Evaluate Workweeks Examine each of the following independent circumstances and identify the type of pay period (weekly, biweekly, semimonthly, or monthly) being utilized. Then indicate whether the specified workweek is FLSA compliant or noncompliant. Fredrick's Furniture's most recent pay period ended on Wednesday, 9/15/2021, with paychecks printed and distributed one week later. The subsequent pay period ended on Thursday, 9/30/2021. The employer's two most recent work weeks (both of which began at 12:00 a.m. and ended at 11:59 p.m.) ran from Wednesday, 9/16, through Wednesday, 9/22, and Thursday, 9/23, through Thursday, 9/30. Type of Pay Period? A. Weekly В. Biweekly C. Semimonthly D. Monthly Indicate whether the specified workweek is FLSA compliant or noncompliant. A. Compliant B. O Noncompliant Capital Tile recently changed its pay period such that it now runs from Friday through Thursday each week. The workweek also begins on Friday; however it…
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