PSc 2-7 Calculate Gross Pay with CommissionsCalculate gross pay for each of 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: Dennis McDonald earns both $8.35/hour and a 13% commission on all sales. During the most recent week, he worked 49 hours and made total sales of $13,700.Gross Pay = $2: Cathy Miller earns both $10.40/hour and $17 for every sale she completes. During the most recent week, she worked 47 hours and made a total of 71 sales.Gross Pay = $3: Lenny Boyer earns both $7.75/hour and a 20% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $7,800.Gross Pay = $4: David White earns both $11.10/hour, $13 for every sale of Product A, and $17 for every sale of Product B. During the most recent week, he worked 53 hours and sold 37units of Product A and 37 units of Product B.Gross Pay = $5: Gary Montgomery earns both $19.10/hour and a 20% commission on all sales. During the most recent week, he worked 46 hours and made total sales of $14,900.Gross Pay = $ PSc 2-10 Calculate Gross Pay for a Tipped EmployeeCalculate gross pay for each of 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: Amy Blackwood receives tips from customers as a standard component of her weekly pay. She is paid $2.25/hour by her employer and receives $175 in tips during themost recent 48-hour workweek.Gross Pay = $2: Jerold Matthews receives tips from customers as a standard component of his weekly pay. He is paid $3.26/hour by his employer and receives $408 in tips during themost recent 48-hour workweek.Gross Pay = $3: Laurel Woods receives tips from customers as a standard component of her weekly pay. She is paid $4.35/hour by her employer and receives $324 in tips during themost recent 35-hour workweek.Gross Pay = $4: Tricia Watkins receives tips from customers as a standard component of her weekly pay. She is paid $3.15/hour by her employer and receives $138 in tips during themost recent 48-hour workweek.Gross Pay = $

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PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of 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: Dennis McDonald earns both $8.35/hour and a 13% commission on all sales. During the most recent week, he worked 49 hours and made total sales of $13,700. Gross Pay = $ 2: Cathy Miller earns both $10.40/hour and $17 for every sale she completes. During the most recent week, she worked 47 hours and made a total of 71 sales. Gross Pay = $ 3: Lenny Boyer earns both $7.75/hour and a 20% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $7,800. Gross Pay = $

PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of 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: Dennis McDonald earns both $8.35/hour and a 13% commission on all sales. During the most recent week, he worked 49 hours and made total sales of $13,700. Gross Pay = $ 2: Cathy Miller earns both $10.40/hour and $17 for every sale she completes. During the most recent week, she worked 47 hours and made a total of 71 sales. Gross Pay = $ 3: Lenny Boyer earns both $7.75/hour and a 20% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $7,800. 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.
7
Ryan Lawrence’s regular hourly rate is $15. He receives 1½ times the regular rate for any hours worked over 40 a week and double the rate for work on Sunday. During the past week, Lawrence worked 8 hours each day Monday through Thursday, 10 hours on Friday, and 5 hours on Sunday. Compute Lawrence’s gross pay for the past week
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
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Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. 1.Samuel Worthy earns both $8.10/hour and a 14% commission on all sales. During the most recent week, he worked 41 hours and made total sales of $12,000.NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
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,…
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Swifty Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2022, are presented below. Employee Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Ben Abel 40 $14.00 $59.00 $5.00 Rita Hager 41 16.00 64.00 5.00 Jack Never 44 13.00 60.00 8.00 Sue Perez 46 13.00 62.00 5.00 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.6%. 1. Prepare a payroll register for the weekly payroll. No employee has reached the Social Security limit of $132,900 or the FUTA/SUTA limit of $7,000 2. Journalize the payroll on March 15, 2022, and the accrual of employer payroll taxes. 3. Journalize the payment of the payroll on March 16,…
11. The sales clerks of Teresa's Treasures are paid a salary of $225 per week plus a commission of 8% on all sales they make. Find the amount of commission and gross earnings for these employees. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Sales for the Week Name Commission Gross Earnings Tina Valendez $2,392.50 $4 Jan Yarrow $3,480.75 2$ $4