Sb 2-9 Calculate Gross Pay Based on an Incentive Plan Calculate gross pay for each of the following four employees of Person Mover Corp. The company offers a regular wage rate of $9.90/hour to all employees. Under an incentive plan in place for all employees, this rate increases for any employee who can meet weekly production goals. The increased rates and corresponding thresholds that must be met are as follows: $7.30/hour for producing at least 550 units $9.70/hour for producing at least 720 units $5.20/hour for producing at least 1,000 units $7.70/hour for producing at least 1,310 units All employees are paid an overtime wage rate that is 1.5 times their respective regular wage rates. 1:wiel jon worked 42 hours and produced 882 units. Gross pay= Gross Pay = $
Sb 2-9 Calculate Gross Pay Based on an Incentive Plan Calculate gross pay for each of the following four employees of Person Mover Corp. The company offers a regular wage rate of $9.90/hour to all employees. Under an incentive plan in place for all employees, this rate increases for any employee who can meet weekly production goals. The increased rates and corresponding thresholds that must be met are as follows: $7.30/hour for producing at least 550 units $9.70/hour for producing at least 720 units $5.20/hour for producing at least 1,000 units $7.70/hour for producing at least 1,310 units All employees are paid an overtime wage rate that is 1.5 times their respective regular wage rates. 1:wiel jon worked 42 hours and produced 882 units. Gross pay= Gross Pay = $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PSb 2-9 Calculate Gross Pay Based on an Incentive Plan
Calculate gross pay for each of the following four employees of Person Mover Corp. The company offers a regular wage rate of $9.90/hour to all employees. Under an incentive plan in place for all employees, this rate increases for any employee who can meet weekly production goals. The increased rates and corresponding thresholds that must be met are as follows:
- $7.30/hour for producing at least 550 units
- $9.70/hour for producing at least 720 units
- $5.20/hour for producing at least 1,000 units
- $7.70/hour for producing at least 1,310 units
1:wiel jon worked 42 hours and produced 882 units.
Gross pay=
Gross Pay = $
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