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ABC Company Ltd. has 3 employees. The details of 3 employees are below: CASE A Mr. A Annual Salary $120,000, Vacation pay 10%, Pay period
ABC Company Ltd. has 3 employees. The details of 3 employees are below: CASE A Mr. A Annual Salary $120,000, Vacation pay 10%, Pay period frequency: Monthly. Number of hours required to work monthly is 160. Any hours over 162 is considered overtime. Mr. B Annual Salary $163,000, Vacation pay 4%, Pay period frequency: Semi-monthly. Mr. B is required to work 80 hours per pay cycle, any hours over 85 is considered overtime. Mr. C Annual Salary $99,000. Vacation pay 6%, Pay period frequency: Monthly. Number of hours required to work monthly is 150. Any hours over 155 is considered overtime. Required: (1) Company has a policy to pay out vacation pay in every payroll run, please calculate vacation pay for each employee 3 mark (2) Please calculate Gross pay 3 mark (3) Please calculate hourly rate (Please DO NOT round up or down. Please do not consider vacation pay while calculating hourly rate) 3 mark
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