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PROBLEM 2 Elder is paid a monthly salary of $2,250. Overtime is paid for hours beyond...
• Stephen Curry, a manager at Oracle Arena, earns $745 for a fluctuating workweek. For overtime work, one-half times the regular rate beyond the 40 hours is paid. 3 hours of overtime was worked. Fluctuating Hours Total Standard Pay $ Overtime Hours Rate $ Variable Overtime Pay Fluctuating Workweek Gross Earnings $ • Assume instead that Stephen's employer pays based on a 40-hour workweek. Again, weekly earning are $745 and 3 hours overtime were worked. Fixed Salary Hours Regular Total...
Casey receives an annual salary of 517,472.00, is paid monthly, and works 35 regular hours per week. Overtime is paid at time-and-a-half regular pay. (a) What is Casey's gross remuneration per pay period? (b) What is his hourly rate of pay? (c) How many hours overtime did Casey work during a month for which his gross pay was $1693.60? (a) Casey's gross remuneration per pay period is $] (Type an integer or a decimal) (b) Casey's hourly rate of pay...
COMPUTING OVERTIME RATE OF PAY AND GROSS WEEKLY PAY Mike Fritz receives a regular salary of $3,250 a month and is paid 1½ times the regular hourly rate for hours worked in excess of 40 week. per (a) Calculate Fritz's overtime rate of pay. (Compute to the nearest half cent.) (b) Calculate Fritz's total gross weekly pay if he works 46 hours during the week.
Hasad is paid an annual salary of $64,480 based on a 40-hour workweek. He is paid biweekly. What is his gross pay for a biweekly pay period if he works 43.5 hours in the first week and 47 hours in the second week? Overtime is paid at time and a half. Assume there are exactly 52 weeks in a year. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Gross pay $ Hasad is paid...
Art receives a semi-monthly salary of $906.61 and works a regular workweek of 35 hours. (a) What is Art's hourly rate of pay? (b) If Art's gross earnings in one pay period were $1023.17, for how many hours of overtime was Art paid at time-and-a-half regular pay? (a) The hourly rate of pay is $( (Round to the nearest cent as needed.)
"A woman earns 10.00 per hour at her job, but if she works more than 20 hours in a week she is paid 1.5 times her regular salary for the overtime hours worked. One week her gross pay was 275. How many overtime hours did she work that week?Express your answer in hours to 2 significant figures."I'm not sure how to start the problem. I tried something like:10(h) + ??? = 275 hours but that doesn't seem like the right...
....... $ 2-16A LO 5 L Carrie Overwood works fluctuating work sul agreement provides for overtime pay at an extra half-rate 10 Compute: a. The overtime earnings... b. The total earnings ... 6. If this was a BELO plan with a pay rate of $22.00 per hour and a maximum of 53 hours, how much would Overwood be paid for 48 hours? 2-17A LO 5 See Example 2-23 on page 2-28 sed 1.275 units under a piece-rat o to the...
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:Jefferson Dodge earns $8.50/hour. During the most recent week, he receives a discretionary bonus of $1,000 and works 47 hours. Gross Pay: $ 2:Julia Jones earns $12.00/hour. During the most recent week, she...
1. Money paid to a worker as a reward for good service is called ____________.=a.)Tips b.)Commissionc.)Piecework 2. A ____________ is a record of time a worker starts and ends each day.a.)Weekly timecard =b.)Daily logc.)Pay period 3. ____________ is work paid for based on the number of units produced.=a.)Piecework b.)Unit ratec.)Overtime 4. The ____________ is the amount paid per unit of work produced.a.)Piecework b.)Commission rate=c.)Unit rate 5. The time someone works over the regular number of hours is called ____________.a.)Salary =b.)Overtimec.)Commission...
3.6 All coaches say it takes practice, practice, practice to win. Here's your opportunity to practice to gain the knowledge to win. Compute the gross earnings for each of the individuals below, rounding each to the nearest cent. Julie Foudy, an equipment manager, earns $745 for a fluctuating workweek. Overtime work is one-half times the regular rate beyond the 40 hours. Julie worked 7 hours overtime. Julie's gross earnings = $ Assume Julie's employer computes his pay based on 40-hours...