Question

PSc 2-6 Calculate Gross Pay Calculate gross pay for each of the five employees listed in...

PSc 2-6 Calculate Gross Pay

Calculate gross pay for each of the five employees listed in the prior exercise:

NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

1: Alice Rhoades earns a weekly wage of $1,200. During the most recent week, she worked 48 hours.

Gross Pay = $

2: Hank Long earns a biweekly wage of $3,400. During the most recent week, he worked 45 hours.

Gross Pay = $

3: Barry Adams earns an annual salary of $80,000. During the most recent week, he worked 59 hours.

Gross Pay = $

4: Sue Martin earns a monthly salary of $5,500. During the most recent week, she worked 41 hours.

Gross Pay = $

5: Gary McKay earns a semimonthly salary of $2,200. During the most recent week, he worked 48 hours.

Gross Pay = $

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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: 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 the most recent 48-hour workweek....
Samuel Worthy earns both $8.10/hour and a 14% commission on all sales. During the most recent...
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. Gross Pay = $ 2:Charlotte Denning earns both $13/hour and $26 for every sale she completes. During the most recent week, she worked 47 hours and made a total of 71 sales. Gross Pay = $ 3:James Finch earns both $11.50/hour and a 11% commission on all sales. During the most recent week,...
Determine the gross pay for each employee listed below. When necessary, round intermediate calculations and the...
Determine the gross pay for each employee listed below. When necessary, round intermediate calculations and the final answer to the nearest cent. Clay Jones is paid time-and-a-half for all hours over 40. He worked 47 hours during the week. His regular pay rate is $17.80 per hour. $ Mary James worked 43 hours during the week. She is entitled to time-and-a-half for all hours in excess of 40 per week. Her regular pay rate is 27.10 per hour. $ Lori...
Calculate gross pay for each of the following employees of Replay Co. The company offers a...
Calculate gross pay for each of the following employees of Replay Co. The company offers a regular wage rate of $7.90/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: $8.40/hour for producing at least 2,200 units $11.75/hour for producing at least 2,600 units $12.25/hour for producing at least 3,100 units $15/hour...
For each employee, first calculate gross pay. Then determine taxable income used to calculate federal income...
For each employee, first calculate gross pay. Then determine taxable income used to calculate federal income tax withholding, Social Security tax, and Medicare tax. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1. An employee works 37 regular hours during a workweek in August of 2018. He was hired four years ago, earns a salary of $135,100/year, and is exempt from the overtime provisions of the...
Example 2-19 Matt Leonard earns $739.20 a week with fluctuating workweek hours. If he worked 48...
Example 2-19 Matt Leonard earns $739.20 a week with fluctuating workweek hours. If he worked 48 hours in one week, his gross pay would be calculated as follows: $739.20 ÷ 48 hours = $15.40 regular rate $15.40 × 0.5 = $7.70 extra half pay rate 8 hours O.T. × $7.70 = $61.60 extra pay $739.20 + $61.60 = $800.80 weekly gross pay Example 2-21 The agreement between John Kalas and his employer provides for a pay rate of $14 per...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3....
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3....
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate...
Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the over-time rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3....
Sheila Williams, a medical secretary, earns $2,600 monthly for a 36-hour week. For overtime work, she...
Sheila Williams, a medical secretary, earns $2,600 monthly for a 36-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hours and time and one-half beyond 40 hours in any week. During one semimonthly pay period, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT