Question
Determine both the regular and overtime wage rates for each of the following employees. All are paid an overtime wage rate 1.5 times their respective
Determine both the regular and overtime wage rates for each of the following employees. All are paid an overtime wage rate 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:Nancy Bowie earns a weekly wage of $950. During the most recent week, she worked 46 hours. Regular Wage Rate = $ Overtime Wage Rate = $
2:Ronald McHenry earns a biweekly wage of $2,100. During the most recent week, he worked 48 hours. Regular Wage Rate = $ Overtime Wage Rate = $
3:Frank Wayne earns an annual salary of $62,000. During the most recent week, he worked 52 hours. Regular Wage Rate = $ Overtime Wage Rate = $
4:Michelle Connolly earns a monthly salary of $5,000. During the most recent week, she worked 43 hours. Regular Wage Rate = $ Overtime Wage Rate = $
5:Howie Gillette earns a semimonthly salary of $1,900. During the most recent week, he worked 41 hours. Regular Wage Rate = $ Overtime Wage Rate = $
Calculate gross pay for each of the five employees listed below. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
1:Nancy Bowie earns a weekly wage of $950. During the most recent week, she worked 46 hours. Gross Pay = $
2:Ronald McHenry earns a biweekly wage of $2,100. During the most recent week, he worked 48 hours. Gross Pay = $
3:Frank Wayne earns an annual salary of $62,000. During the most recent week, he worked 52 hours. Gross Pay = $
4:Michelle Connolly earns a monthly salary of $5,000. During the most recent week, she worked 43 hours. Gross Pay = $
5:Howie Gillette earns a semimonthly salary of $1,900. During the most recent week, he worked 41 hours. Gross Pay = $
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:Samuel Worthy earns both $7.25/hour and a 10% commission on all sales. During the most recent week, he worked 42 hours and made total sales of $11,000. Gross Pay = $
2:Charlotte Denning earns both $9/hour and $25 for every sale she completes. During the most recent week, she worked 48 hours and made a total of 62 sales. Gross Pay = $
3:James Finch earns both $11.70/hour and a 12% commission on all sales. During the most recent week, he worked 45 hours and made total sales of $7,200. Gross Pay = $
4:Keri Weinberg earns both $10/hour, $10 for every sale of Product A, and $14 for every sale of Product B. During the most recent week, she worked 54 hours and sold 26 units of Product A and 41 units of Product B. Gross Pay = $
5:Tom Wilson earns both $16.20/hour and a 15% commission on all sales. During the most recent week, he worked 47 hours and made total sales of $13,000. Gross Pay = $
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