Question
I have a few questions I need help with: 1 . Kenneth Caplan is a salaried employee who normally works a 37-hour week and is
I have a few questions I need help with:
1. Kenneth Caplan is a salaried employee who normally works a 37-hour week and is paid a weekly salary of $675.00. The agreement that he has with his employer states that his salary is to cover all hours worked up to and including 40. This week, Caplan worked 42 hours.
Calculate his gross pay.
2. Kyle Forman worked 47 hours during the week for Erickson Company at two different jobs. His pay rate was $14.00 for the first 40 hours, and his pay rate was $11.80 for the other 7 hours.
Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent.
Determine his gross pay for that week if the company uses the one-half average rate method.
a. Gross pay:
b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be:
3. Casey Collins average workweek during the first quarter of the year (13 weeks) was 43 hours. As part of his companys perfect attendance program, he earned a bonus of $975. Determine the extra overtime pay due Collins for the first quarter. Round your interim calculations and final answer to the nearest cent.
Extra overtime pay is:
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