Question

Calculate gross pay for each of the following employees. All are paid an overtime wage rate...

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:Anita Workman receives tips from customers as a standard component of her weekly pay. She is paid $2.70/hour by her employer and receives $277 in tips during the most recent 48-hour workweek. Gross Pay = $

2:Cole Earnhardt receives tips from customers as a standard component of his weekly pay. He is paid 2.15/hour by his employer and receives $436 in tips during the most recent 46-hour workweek. Gross Pay = $

3:Calista Flood receives tips from customers as a standard component of her weekly pay. She is paid $4.15/hour by her employer and receives $354 in tips during the most recent 36-hour workweek. Gross Pay = $

4:Bethany Pugh receives tips from customers as a standard component of her weekly pay. She is paid $3.50/hour by her employer and receives $179 in tips during the most recent 48-hour workweek. Gross Pay = $

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Homework Answers

Answer #1

As per Fair Labor Standards Act (FLSA), overtime pay starts if an employee works for more than 40 hours a week.

Overtime rate= 1.5 times their respective regular wage rate

Overtime= Hours worked- 40 hours.

Overtime Pay= OT Pay

Sr. No. . Name of Employee Particulars

Minimum Pay

(No. of hrs. X rate/hr)

Overtime Pay

(no. of OT hrs X rate /hr)

Tipped

Wages

Gross Pay

(Minimum Pay + Overtime Pay+ Tipped wages)
1 Anita Workman OT pay=2.7 X 1.5=4.05 40 hrs X $.2.7/hr = $108 8 hrs. X $ 4.05/hr = $32.4 $277 $ 417.4
2. Cole Earnhardt OT pay=2.15 X 1.5=$3.225 40 hrs X $.2.15/hr = $86 6 hrs. X $ 3.225/hr = $19.35 436 $ 541.35
3 Calista Flood ---- 36 hrs X $.4.15/hr = $149.4 ----- $354 $503.4
4 Bethany Pugh OT pay=3.5 X 1.5=5.25 40 hrs X $.3.5/hr = $140 8 hrs. X $ 5.25/hr = $42 $179 $ 361
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