Robert LaClerq is paid a regular wage of $9.50 an hour, overtime at the rate of 12 times the regular rate for all hours worked over 8 in any weekday, and overtime at the rate of 2 times the regular rate for hours worked on Saturdays, Sundays, and holidays. During the week ended February 14, LaClerq worked the following days and hours. Calculate the regular hours worked and the overtime hours worked. Then answer the questions that follow. Total Hours Worked Regular Hours Overtime Hours Day Monday Tuesday 10 Wednesday 8. Thursday 10 Friday 11 Saturday 48 1. How many regular hours did Mr. LaClerq work? Regular Hours 2. How many overtime hours did Mr. LaClerq work? Overtime Hours 3. What was Mr. LaClerq's regular earnings for the week? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Regular Earnings

Robert LaClerq is paid a regular wage of $9.50 an hour, overtime at the rate of 12 times the regular rate for all hours worked over 8 in any weekday, and overtime at the rate of 2 times the regular rate for hours worked on Saturdays, Sundays, and holidays. During the week ended February 14, LaClerq worked the following days and hours. Calculate the regular hours worked and the overtime hours worked. Then answer the questions that follow. Total Hours Worked Regular Hours Overtime Hours Day Monday Tuesday 10 Wednesday 8. Thursday 10 Friday 11 Saturday 48 1. How many regular hours did Mr. LaClerq work? Regular Hours 2. How many overtime hours did Mr. LaClerq work? Overtime Hours 3. What was Mr. LaClerq's regular earnings for the week? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Regular Earnings

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Robert LaClerg is paid a regular wage of $9.50 an hour, overtime at the rate of 12 times the regular rate for all hours worked over 8 in any weekday, and overtime at the rate of 2 times the regular rate for hours worked on Saturdays, Sundays, and holidays. During the week ended February 14, LaClerq worked the following days and hours. Calculate the regular hours worked and the overtime hours worked. Then answer the questions that follow. Day Monday Total Hours Worked Regular Hours 66.5 Overtime Hours Tuesday 10 Wednesday 8. Thursday 10 Friday 11 Saturday 48
Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,044 per week, her employment agreement provides for overtime pay at an extra half-rate for hours worked over 40. This week she worked 48 hours. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a. The overtime earnings: $87.04 1044/48= 21.75 21.75 x 0.5= 10.88 8x 10.88= 87.04 b. The total earnings: $1,131.04 1044+ 87.04= 1,131.04 c. If this was a BELO plan with a pay rate of $23.45 per hour and a maximum of 48 hours, how much would Overwood be paid for 42 hours? $ NOTE: I already figure out letter A & B. I just need help with letter C please.
David Letterman works in the production department of Northeast Plastics (NEP) as a machine operator. David, a long-time employee of NEP, is paid on an hourly basis at a rate of $24 per hour. David works five 8-hour shifts per week Monday–Friday (40 hours). Any time David works over and above these 40 hours is considered overtime for which he is paid at a rate of time and a half ($36 per hour). If the overtime falls on weekends, David is paid at a rate of double time ($48 per hour). David is also paid an additional $24 per hour for any holidays worked, even if it is part of his regular 40 hours. David is paid his regular wages even if the machines are down (not operating) due to regular machine maintenance, slow order periods, or unexpected mechanical problems. These hours are considered “idle time.” During December David worked the following hours: Included in the total hours worked are two company holidays (Christmas Eve and Christmas Day) during Week 4. All overtime worked by David…
Need help with this question
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
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?
Robin Market works for Cycle Industries. Her pay rate is $14.50 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 20X1, Robin worked 42 hours. She is married and claims three withholding allowances on her W-4 form. Robin's cumulative earnings prior to this pay period total $32,000. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Figure 10.2b) 4. Health and disability insurance premiums, $180 5. Charitable contribution, $25 Required: 1. Compute Robin's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31. Analyze: Based on Robin's cumulative earnings through December 31, how much overtime pay did she earn this year? Complete…
Brian Packer worked the following schedule: Monday, 9 hours; Tuesday, 7 hours 34 minutes; Wednesday, 8 hours 23 minutes; Thursday, 8 hours 16 minutes; Friday, 8 hours. The employer pays overtime for all time worked in excess of 40 hours per week. Required: Determine Brian's total time worked according to the (a) quarter-hour method and (b) the hundredth-hour method. Which is the more favorable method for Brian, quarter-hour or hundredth-hour? (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Brian Packer Quarter-Hour Time hours Hundredth-Hour Time More Favorable Method hours
a) Syed works in a construction company. He earns RO 8 per hour and worked 45 hours per week. At the end of 7th month rate per hour increased to RO 10. According to the agreement, he is eligible for overtime (time-and-a-half pay) based on 38 hours regular work per week. You are required to calculate annual gross pay of Syed? Assume that 4 weeks in a month.
Awaseb is a factory worker who earns N$30 per hour. His normal work week is 8 hours per day from Monday to Friday. He is paid time-and-a-half for normal overtime and double the normal rate for work on Sundays and Public Holidays. During the past week the following hours were recorded on his clock card; and there was no public day during the week Monday 8 hours Tuesday 9 hours Wednesday 8 hours Thursday 9 hours Friday 8 hours Saturday 3 hours Sunday 2 hours The following amounts were deducted from Awaseb's weekly wage: Income tax (PAVE) 25% of taxable income Social security 0.9% of basic wage payable by each of the employee and the employer, limited to an amount of N$20.25 per week. Medical aid fund 20% of basic wage payable on a 60:40 basis by employer and employee, respectively. Pension fund contribution 8% of basic wage by employee and 15% of basic wage by employer. Required: Calculate the net wage earned by Awaseb during the week.
6
Jose Cruz earns $2,275 each month and works 371⁄2 hours each week. His employer payshim overtime (for hours beyond 371⁄2) Cruz’s overtime premium hourly rate is