Question

1. Bob Brooks works a 37.5 hour week and his salary is $806.25. He and his...

1. Bob Brooks works a 37.5 hour week and his salary is $806.25. He and his employer agreed his salary covers all hours worked up to 40. This week, Brooks worked 43 hours. Brooks' . gross pay for the week is:

a. $903.00

b. $806.25

c. $987.66

d. $1,038.75

2. There are a number of options for calculating overtime for an employee that works at more than one pay rate. Which of the following is not one of the methods?

a. calculate overtime at the weighted average wage rate.

b. calculate overtime at the highest rate.

c. calculate overtime at the rate the employee is earning when he/she hits the 40th hour of work.

d. calculate overtime at the lowest regular rate paid.

3. Profit-sharing plans may be developed to share with employees a portion of the profits of the business. Which one of the following is not a traditional type of profit-sharing plan?

a. Distribution to an employee's account, such as a savings account or pension fund.

b. Capital stock distribution.

c. Distribution of cash.

d. Distribution of illiquid assets of the company.

4. In which of the below situations would an employee be compensated for his/her meal break?

a. the employee is completely relieved of duties during the meal break.

b. the employee is required to eat at his/her desk and greet customers as they enter the business.

c. the meal break is 40 minutes long.

d. the employee is able to rest during his/her meal break.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer:

Answer : 1

Bob brooks works a 37.5 hour week and his salary is $806.25. He and his employer agreed his salary covers all hours worked up to 40. This week, brooks worked 43 hours. Brooks'. gross pay for the week is....

A. $903.00

Answer : 2

There are a number of options for calculating overtime for an employee that works at more than one pay rate. which of the following is not one of the methods?

D. Calculate overtime at the lowest regular rate paid.

Answer : 3

Profit sharing plans may be developed to share with employees a portion of the profits of the business. which one of the following is not a traditional type of profit sharing plan?

D. Distribution of illiquid assets of the company.

Answer : 4

In which of the below situations would an employee be compensated for his/her meal break?

A. The employee is completely relieved of duties during the meal break.

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
Jack Kenston works a 40-hour week with overtime paid at 1.5 times his regular rate of...
Jack Kenston works a 40-hour week with overtime paid at 1.5 times his regular rate of pay of $14.88. This week he worked 42 hours, which resulted in a gross pay of __________. Harry is paid a semimonthly salary of $1,900.00. Overtime is paid for hours beyond 40 in each workweek. One week, Harry works 5.5 hours overtime. Harry’s pay for this semimonthly pay period is _____. Samual receives an annual $29,700 base salary for working the territory in Arizona....
Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,047 per week, her employment...
Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,047 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 $ ____________ b. The total earnings $ ________________ c. If this was a...
Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,050 per week, her employment...
Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,050 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 $ b. The total earnings $ c. If this was a BELO plan...
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....
1. Sam receives a regular wage of $15 per hour for a 40 hour week. he...
1. Sam receives a regular wage of $15 per hour for a 40 hour week. he receives one and one-half his regular hourly rate for hours over 40 per week and twice his normal rate for Sundays and holidays. Last week Sam worked 62 hours including 8 hours on a holiday. Calculate Sam's gross pay. 2. Calculate Sam's social security and Medicare tax. 3. Assume Sam's federal income tax is $155, union dues are $7 and life insurance is $15.60....
Sam works for Sally, and he is curious about his productivity from week to week. This...
Sam works for Sally, and he is curious about his productivity from week to week. This week Sam worked 60 hours and produced 294 pounds of spaghetti. He worked for 50 hours and produced 205 pounds of spaghetti the week before.     a. Calculate Sam's productivity for these two weeks. (Round your answers to 2 decimal places.)   This week's productivity Units / hr Last week's productivity Units / hr     b. Does his productivity increase (or decrease), and by what...
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...
Mr. Foxhound works at a manufacturing plant that makes balloons for holiday parades. He earns $30...
Mr. Foxhound works at a manufacturing plant that makes balloons for holiday parades. He earns $30 per hour for straight-time and $50 per hour for overtime . One week he worked 46 hours, which included 6 hours of overtime, and 4 hours of idle time caused by a shortage of materials to make the balloons. Required: Compute Mr. Foxhound’s total compensation for the week; the amount of compensation reported as direct manufacturing labor; and the amount of compensation that would...
1) . Joe Wilkes earns $4,000 per month. He worked 22 hours of overtime this month....
1) . Joe Wilkes earns $4,000 per month. He worked 22 hours of overtime this month. Joe's gross salary for the month is a) . $6,031.25 b) . $4,230.37 c) . $4,761.64 d) . $7,115.15 2) . When an employee is in a profession that is customarily tipped a) . must deduct all tips from the gross salary. b) the employer may take a $5.12 credit towards the minimum wage under federal law. c) the employer may deduct all tips...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT