Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Payroll Accounting-090-70 * | Chapter 2 Homework x CengageNOWv2 | Assignment | LX CengageNOWv2 | Online teachin X f (2) Facebook 41 x *Course Hero
Payroll Accounting-090-70 * | Chapter 2 Homework x CengageNOWv2 | Assignment | LX CengageNOWv2 | Online teachin X f (2) Facebook 41 x *Course Hero X + X C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Chapter 2 Mastery Problem Print Item 1. MP.02. Wages.ALGO Instructions Overview Scenario 1: Determining FLSA Overtime Scenario 2: Standard Overtime Scenario 3: Overtime Premium Approach Additional Medal Points X Medal Points As every athlete knows, it takes practice, practice, practice to get to the top. Here's your opportunity to get to the top! Remember: Round interim calculations to two decimal places. Use rounded amounts in subsequent computations. And, round your final answer to two decimal places. Compute the following gross earnings for Michael Phelps, who is paid the FLSA hourly rate and worked 41 hours during this pay period. Regular Hours 40 Regular Total Pay $ Overtime Hours 1 V Overtime Total Pay Total Gross Pay Compute the following gross earnings for Michelle Kwan, who is paid $19.10 per hour and worked 47 hours during this pay period. Regular Hours 40 V Regular Total Pay $ 764 Overtime Hours 7 V Overtime Total Pay 2,674 X Total Gross Pay Compute Bode Miller's gross earnings using the Overtime Premium Approach knowing that the hourly rate is $17.55 and 43 hours were worked during the week. Regular Hours 40 X Regular Total Pay $ 702 X Overtime Hours 3 V Overtime Total Pay Total Gross Pay $ Compute Dale Earnhardt's earnings knowing that $17.35 per hour is paid for Job A and $19.25 per hour is paid for Job B. Of the 42 hours worked during the week, 26 hours were completed for Job A and 16 hours were completed for Job B. Higher Rate for Overtime Hours Feedback Progress: 1/1 items Check My Work Assignment Score: 59.65% All work saved. Save and Exit Submit Assignment for Grading Type here to search 61'F Haze ~ ENG 10:35 AM 10/24/2021Payroll Accounting-090-70 * | Chapter 2 Homework x CengageNOWv2 | Assignment | L x 2 CengageNOWv2 | Online teachin x f (2) Facebook x |Homework Help - Q&A from Onl x | X C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Chapter 2 Mastery Problem Print Item 1. MP.02. Wages.ALGO Instructions Overview Scenario 1: Determining FLSA Overtime Scenario 2: Standard Overtime | Scenario 3: Overtime Premium Approach Additional Medal Points x Compute Dale Earnhardt's earnings knowing that $17.35 per hour is paid for Job A and $19.25 per hour is paid for Job B. Of the 42 hours worked during the week, 26 hours were completed for Job A and 16 hours were completed for Job B Higher Rate for Overtime Hours Regular Hours, Job A Regular Total Pay, Job A Regular Hours, Job B Regular Total Pay, Job B Overtime Hours Overtime Total Pay Total Gross Pay Based on Actual Hours Worked Regular Hours, Job A Regular Total Pay, Job A Regular Hours, Job B Regular Total Pay, Job B Overtime Hours Overtime Total Pay Total Gross Pay Rate after the 40th Hour Note: In this scenario, the overtime hours can be attributed to Job A. Regular Hours, Job A Regular Total Pay, Job A 69 Regular Hours, Job B Regular Total Pay, Job B Overtime Hours Overtime Total Pay Total Gross Pay $ Feedback Progress: 1/1 items Check My Work Assignment Score: 59.65% All work saved. Save and Exit Submit Assignment for Grading Type here to search 61'F Haze ~ ENG 10:35 AM 10/24/2021
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started