Question
Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates.
Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
1: Jefferson Dodge earns $8.50/hour. During the most recent week, he receives a discretionary bonus of $1,000 and works 47 hours. ANS: Gross Pay: $
2: Julia Jones earns $12.00/hour. During the most recent week, she receives a nondiscretionary bonus of $3,100 and works 42 hours. ANS: Gross Pay: $
3: Joseph Marshall earns $7.40/hour. During the most recent week, he receives a nondiscretionary bonus of $720 and works 50 hours. ANS: Gross Pay: $
4: Philip Lucas earns $10/hour. During the most recent week, he receives a nondiscretionary bonus of $2,200 and works 49 hours. ANS: Gross Pay: $
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