Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

step 5 seems unclear, trying to figure out what to put for regular, regular rate, and regular pay. Scott worked 52 hours this week. Required:

step 5 seems unclear, trying to figure out what to put for "regular, regular rate, and regular pay." image text in transcribed
Scott worked 52 hours this week. Required: Calculate Scott's regular pay, regular rate, overtime rate, overtime, and total earnings. Show all calculations and round all work to two decimal places Step 1: Calculate Regular Pay Regular Hours Hourly Worked Rate 40 $20.00 Regular Regular Pay Add Bonus Pay $800.00 ss00.00 $1,300.00 Regular Pay Regular Regular Hours Rate With Worked Bonus Pay Step 2: Calculate Regular Rate $1,300.00 40 $32.50 Calculate Overtime Rate Regular Overtime Overtime Rate Multiplier Rate $32.50 1.5 $48.75 Step 4 Calculate Overtime Pay Overtime Overtime Rate Hours $48.75 Overtime Pay 12 5585.00 + + Regular Regular Rate Regular Pay Step 5 Total Straight Total Step 5 Total Regular OT Pay $0.00 $585.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting A Systems Approach

Authors: Alison Warman, Jeff Davies

1st Edition

1861520379, 978-1861520371

More Books

Students also viewed these Accounting questions

Question

Discuss the determinants of direct financial compensation.

Answered: 1 week ago