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Im needing assistance in entering hours for Bonno and Ryan. I cant figure out how average hours vs overtime hours. Overtime is 1.5 for anything
Im needing assistance in entering hours for Bonno and Ryan. I cant figure out how average hours vs overtime hours. Overtime is 1.5 for anything over 8 hours in a day. Double time is received for working on Sunday or a holiday.
6. Overtime is paid to all employees except exempt administrative employees - the president (O'Neill), the sales manager (Ferguson), the sales representative (Mann), and the supervisor (Sokowski). Overtime is paid at time and a half for any overtime exceeding 40 hours a week. Bonno and Ryan are paid time and a half for any hours worked over eight each workday and for work on Saturdays and twice the regular hourly rate of pay for work on Sundays or holidays. a. Prepare the payroll using the Time Clerk's Report Nos. 46 and 47. Note: Thursday, November 26, is a paid holiday for all workers. Complete the Payroll Register; journalize transfer of cash to the Payroll Cash account, the payroll entry, and payroll tax entry; post the amounts to the General Ledger accounts; and update the Employees' Earnings Records. DetailsStep by Step Solution
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