Question
1. Kenneth Caplan is a salaried employee who normally works a 40-hour week and is paid a weekly salary of $704.00. The agreement that he
1. Kenneth Caplan is a salaried employee who normally works a 40-hour week and is paid a weekly salary of $704.00. The agreement that he has with his employer states that his salary is to cover all hours worked up to and including 40. This week, Caplan worked 42 hours.
Gross Pay: $______
2. During the first week in November, Erin Mills worked 48.50 hours and produced 1,308 units under a piece-rate system. The regular piece rate is $0.31 a unit.
Mills had agreed with her employer prior to the performance of the work that she would be paid one and one-half times the regular piece rate for all pieces produced during the overtime hours. Assume that her production totals for the week were 1,153 pieces during regular hours and 155 pieces during overtime 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.
* Piecework earnings: $_____
* Overtime earnings: $_______
* Total Earnings: $_________
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