Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

April received a promotion to Accounting Specialist. She was officially promoted and received a salary increase on March 1, 2021. However, the owner being so

April received a promotion to Accounting Specialist. She was officially promoted and received a salary increase on March 1, 2021. However, the owner being so impressed with her work backdated the salary increase to Jan 1, 2021. Her old rate was $20.22 per hour and her new rate is $26.72 per hour. She is still entitled to overtime at time and a half following ESA rules for overtime. She is paid weekly and works a flexible schedule. Below is a summary of her hours during this period. Please calculate the total retro monies owed to her

Pay Period End

Scheduled Hours

paid

Sick Hours

paid

Stat Hours paid

Overtime

Hours paid

Retro Owed

Jan 2

32

8

Jan 9

33

7

Jan 16

33

7

Jan 23

44

4

Jan 30

44

10

Feb 6

44

6

Feb 13

35

Feb 20

32

8

Feb 27

44

2

Mar 6

44

5

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

Recommended Textbook for

Loose Leaf Fundamental Financial Accounting Concepts

Authors: Thomas Edmonds, Frances McNair, Philip Olds

8th Edition

0077433807, 978-0077433802

More Books

Students also viewed these Accounting questions