Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cole Earnhardt receives tips from customers as a standard component of his weekly pay. He is paid 2.13/hour by his employer and receives $442 in

Cole Earnhardt receives tips from customers as a standard component of his weekly pay. He is paid 2.13/hour by his employer and receives $442 in tips during the most recent 42-hour workweek.

Regular Wages

$2.13 * 40 hours = $85.20

Tip Credit

$7.25 - $2.13 = $5.12

Overtime Wage Rate

($7.25 * 1.5) - $5.12 = $5.76

Overtime Wages

$5.76 * (42 - 40) = $11.52

Total Tip Credit

$5.12 * 42 hours = $215.04

Tips

$442.00

Gross Pay

$85.20 + $11.52 + $442.00 = $538.72

The first one is completed. Having trouble with the following:

1. Amy Blackwood receives tips from customers as a standard component of her weekly pay. She is paid $2.38/hour by her employer and receives $155 in tips during the most recent 45-hour workweek.

2. Jerold Matthews receives tips from customers as a standard component of his weekly pay. He is paid $3.20/hour by his employer and receives $384 in tips during the most recent 46-hour workweek.

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

Rethinking Public Private Partnerships

Authors: Mervyn K. Lewis

1st Edition

1789906393, 9781789906394

More Books

Students also viewed these Accounting questions

Question

In Problem factor each expression completely. x 2 5x + 6

Answered: 1 week ago