Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Ben Lieber is a waiter at Harbor House, where he receives a weekly wage of $81.20 plus tips for a 40-hour workweek. Lieber's weekly

1. Ben Lieber is a waiter at Harbor House, where he receives a weekly wage of $81.20 plus tips for a 40-hour workweek. Lieber's weekly tips usually range from $275 to $390.

Round your answers to the nearest cent.

a. Under the Fair Labor Standards Act, the minimum amount of wages that Lieber must receive for a 40-hour workweek is

2. Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,051 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 with a pay rate of $23.45 per hour and a maximum of 48 hours, how much would Overwood be paid for 44 hours?

3. During the first week in November, Erin Mills worked 43.00 hours and produced 1,217 units under a piece-rate system. The regular piece rate is $0.32 a unit. Mills is paid overtime according to the FLSA ruling for overtime work under a piece-rate system. 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 piecework earnings
b. The regular hourly rate
The overtime hourly rate
c. The overtime earnings
d. The total earnings

4. Jill Connor is employed as a salesperson in the men's department of Fashion Line. In addition to her weekly base salary of $349, Connor is paid a commission of 2% on her total net sales for the week (total gross sales less any customer returns). During the past week, to promote the sale of its fine cashmere sweaters, Fashion Line agreed to pay Connor an additional PM (push money) of 3% of the total net sales of cashmere sweaters. Connor's weekly sales tally is given below.

Item Gross Sales Customer Returns
Regular sweaters $391 $55
Cashmere sweaters 1012 74
Ties 177 0
Dress shirts 449 38
Sports shirts 199 29

Compute Connor's total weekly earnings, showing her (a) weekly base salary, (b) commission, (c) PM, and (d) total weekly earnings. Round your intermediate and final answers to the nearest cent.

a. Weekly base salary:
Weekly gross sales
Less customer returns
Weekly net sales
b. Commission: $ 2%
Weekly gross sales of cashmere sweaters
Less customer returns
Weekly net sales of cashmere sweaters
c. Push money (PM): $ 3%
d. Total weekly earnings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

2. What are your challenges in the creative process?

Answered: 1 week ago