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Compute the Regular Pay, Overtime Rate, Overtime Pay, and Gross Pay for each employee. Employees are paid weekly. Filing Hours Pay Regular Employee Status Worked
Compute the Regular Pay, Overtime Rate, Overtime Pay, and Gross Pay for each employee. Employees are paid weekly. Filing Hours Pay Regular Employee Status Worked Rate Pay Overtime Overtime Gross Rate Pay Pay Paul S 38 10.00 Jane S 43 12.25 Peter S 47 13.15 Greg M 43 15.17 Marsha S 42 16.50 Total Jack works a 35-hour week at $10 an hour. Overtime hours (hours worked beyond the 35-hour workweek) are paid at 1 1/2 times the regular rate. For 35 hours, what is Jack's weekly gross pay? What is Jack's overtime rate? If Jack works 7 hours of overtime during one week, what are his total gross earnings? Fred earns $3120 each month and works 40 hours each week. His employer pays him overtime for hours beyond 40, and uses the overtime premium approach. What is Fred's weekly regular pay, assuming no overtime? What is Fred's overtime premium rate? An annual salary of 72,000 converts to the following: (remember the rounding rules.) Monthly Weekly Hourly Overtime Rate Overtime Premium Rate You are comparing three job offers. Company A offers you $2000 per month. Company B offers you $500 per week. Company C offers you $15 per hour. Assume a 40-hour workweek in each offer. Which company is offering the highest annual pay? Upload your finished worksheet to the board before the due date to receive credit and be counted as present for the week
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