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So, I've been looking over my previous homework to study on the payroll material. But I can't figure out connect came up with the answers
So, I've been looking over my previous homework to study on the payroll material. But I can't figure out connect came up with the answers to hourly rate, # of regular hours, and # of holiday hours.
I tried looking in the book but it didn't provide an answer nor how to come up with the answer.
Shawn Ames is a salaried exempt employee at Rush Elevators with a contract that stipulates 37.5 hours per week at $75,000 per year He is married with three withholding allowances. This pay period there was a company-paid holiday for three days. Calculate Shawn's biweekly pay based on a standard five-day workweek. (Hint: determine Shawn's hourly wage to determine holiday pay.) (Round your answer for "Hourly Rate" to 5 decimal places and your other answers for hours and earnings to 2 decimal places.) Company Rush Elevators Period Ended Dec 5, 20XX No. of Regular No. of Holiday Regular Hours Overtime Earnings Name Marital Status No. Withholdings Hourly Rate Gross Earnings Hours Earnings +-001 2,019.23 0 00001 Shawn Ames 52.50 $ 2,884.62-/-002 38.46154 865.36 Explanatlon Regular pay: (($75,000/(375 52) 52.5)= $2,019.23 Holiday pay: (($75,000/(375 52) 22.5)= $86538 Gross pay: ($2.01923-$865.38)= $2.884.61Step by Step Solution
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