Compute the Regular Pay, Overtime Rate, Overtime Pay, and Gross Pay for each employee. Employees are...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Compute the Regular Pay, Overtime Rate, Overtime Pay, and Gross Pay for each employee. Employees are paid weekly. Filing Employee Status Henry Smith Parker Liam Melanie Total S S S M S Hours Pay Worked Rate 37 44 50 40 41 Pay for the 40 hours Pay for the overtime hours 12.00 13.50 12.23 16.40 15.01 Regular Pay Overtime Overtime Rate Pay Jessie is a waitress who worked 44 hours this week and collected $300 in tips. The restaurant uses he full tip credit agains the minimum wage and pays Jessie the minimum required for tipped employees. Determine her gross pay from the restaurant. Gross Pay Jenny ears $1000 each week based on a 40-hour work week. Her employer pays her overtime for hours beyond 40, and uses the overtime premium approach. What is Jenny's weekly regular pay, assuming no overtime? What is Jenny's overtime premium rate? An monthly salary of 4000 converts to the following: (remember the rounding rules.) Yearly Weekly Hourly Overtime Rate Overtime Premium Rate You are comparing three job offers. Company A offers you $4000 per month. Company B offers you $900 per week. Company C offers you $23.00 per hour. Assume a 40-hour workweek in each offer. Which company is offering the highest annual pay? Upload your finished worksheet to the board before the due date to receive credit and be counted as present for the week. Compute the Regular Pay, Overtime Rate, Overtime Pay, and Gross Pay for each employee. Employees are paid weekly. Filing Employee Status Henry Smith Parker Liam Melanie Total S S S M S Hours Pay Worked Rate 37 44 50 40 41 Pay for the 40 hours Pay for the overtime hours 12.00 13.50 12.23 16.40 15.01 Regular Pay Overtime Overtime Rate Pay Jessie is a waitress who worked 44 hours this week and collected $300 in tips. The restaurant uses he full tip credit agains the minimum wage and pays Jessie the minimum required for tipped employees. Determine her gross pay from the restaurant. Gross Pay Jenny ears $1000 each week based on a 40-hour work week. Her employer pays her overtime for hours beyond 40, and uses the overtime premium approach. What is Jenny's weekly regular pay, assuming no overtime? What is Jenny's overtime premium rate? An monthly salary of 4000 converts to the following: (remember the rounding rules.) Yearly Weekly Hourly Overtime Rate Overtime Premium Rate You are comparing three job offers. Company A offers you $4000 per month. Company B offers you $900 per week. Company C offers you $23.00 per hour. Assume a 40-hour workweek in each offer. Which company is offering the highest annual pay? Upload your finished worksheet to the board before the due date to receive credit and be counted as present for the week.
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
1.Oliver Company provided the following information for the coming year Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price @10.80 Variable selling and administrative exp....
-
The first payroll in October covered the two workweeks that ended on September 26 and October 3. This payroll transaction has been entered for you in the payroll register, the employees' earnings...
-
Start of Payroll Project 7-3a October 9, 20-- No. 1 The first payroll in October covered the two workweeks that ended on September 26 and October 3. This payroll transaction has been entered for you...
-
Draw the Lewis structure of AlH 3 . Strategy Draw the Lewis structure in the normal way but realize that, in certain cases, it is not possible to place eight electrons around the central atom.
-
Prove Corollaries 16.1 and 16.2. Corollaries 16.1 If G is a finite group and a G, then 0(a) divides |G|. Corollaries 16.2 Every group of prime order is cyclic.
-
0 $405000.00 50 100 $1215000.00 Frequency 150 $2025000.00 200 $2835000.00 250 $3645000.00 300 $4455000.00 (iii) 0 $405000.00 50 Frequency 100 $1215000.00 150 $2025000.00 200 $2835000.00 250...
-
a. Repeat Problem 15.H1 (use the Maxwell-Stefan equations), but bulb 1 at \(\mathrm{z}=0\) contains the following mole fractions: \(\mathrm{y}_{\text {air }}=0.500, \mathrm{y}_{\mathrm{H} 2}=0.500\),...
-
The motion of the uniform rod AB of mass 8 kg and length h L = 900 mm is guided by small wheels of negligible mass that roll on the surface shown. If the rod is released from rest when =20?,...
-
A growing chain is trying to decide which store location to open. The first location ( A ) requires a $ 5 0 0 , 0 0 0 investment in average assets and is expected to yield annual income of $ 7 0 , 0...
-
Given this, answer the following questions: 1. Draw a diagram of the process using the format in Exhibit 7.3. 2. Consider a base case where a customer arrives every 40 seconds and the Customer...
-
QUESTION 2 (30 points) 'The possible grounds of jurisdiction in international law are very broad. These days, even where a crime is committed outside its territory, a State will always find a ground...
-
Cite a company that adopts the RFID technology in its operations. Briefly describe how RFID can be used to manage inventory and discuss the benefits and drawbacks of the use of RFID in the company? ...
-
?Journalize Loondance ' s July transactions. ( You do not need to record the cost of goods sold or inventory entry or ?entries. ) ( Record debits ?first, then credits. Exclude explanations from any...
-
The Industrial Corporation produces two products, "AK" and "BK". The following sales forecast for 2022 was decided on by the budget committee and presented to you, the management accountant. Sales...
-
Find the midpoint between (1.-1) and (1.-6). Just state final answer. Use decimals vs fractions.
-
Give detailed answers and examples relevant to what technology and technological applications might be used by people who provide services to older people? Explain how and why these technologies...
-
Why is the feasibility model in a business plan great for implementing Emergency Medical Records in the hospital?
-
Complete problem P10-21 using ASPE. Data from P10-21 Original cost ................................................................. $7,000,000 Accumulated depreciation...
-
Sophie is a single taxpayer. For the first payroll period in October 2012, she is paid wages of $3,250 monthly. Sophie claims three allowances on her Form W-4. a. Use the percentage method to...
-
Amy is a calendar-year taxpayer reporting on the cash basis. Please indicate how she should treat the following items for 2012: a. She makes a deductible contribution to an IRA on April 15,...
-
Cypress Corporation has regular taxable income of $170,000 (assume annual gross receipts are greater than $5 million) and regular tax liability of $49,550 for 2012. The corporation also has tax...
-
The long run a. is a period in which a firm can adjust all its inputs. b. can vary in length from industry to industry. c. is a period in which all costs are variable costs. d. is characterized by...
-
Which of the following most accurately describes the long-run period? a. The long run is a period of time in which a firm is unable to vary some of its factors of production. b. In the long run, a...
-
The short run a. is a period too brief for any inputs to be varied. b. is a period that involves no fixed costs. c. is normally a period of 1 year. d. is none of the above.
Study smarter with the SolutionInn App