unit 7 test wages 1

Name: Amber Smith CAUTION: See "round" rules in Excel Instructions before calculating OT for slaried employees. Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. For a breakdown of the solution by chapter, see the worksheet tabs labeled CPP 2 through 6 representing the solutions for chapters 2-6. Continuing Payroll Problem-B

c) The present value of $500 to be received in one year when the opportunity cost rate is 8 percent (discounting):

3.2 Credentials. The Executive received her A.B. from Brown University in 1990 and received her M.D. from Harvard University in 1994. Employee is currently enrolled in the MBA program at Fordham University and is specializing in Hospital Administration. She is schedule to receive her MBA before her employment under this Agreement begins.

 Time off is also allowed for childbirth, adoption, and to care for a sick child or family member.

A vacation of two weeks after 12 months of service and within the following 10 months or, if the employee has been employed with the same employer longer than 8 years, a vacation of at least three weeks

b. Use your answer to part A to determine the total annual indirect cost assigned to:

6. You want to purchase a truck for $25,000 and you have $3,450 to put down. How much will your payments be if you financed the truck for 60 months at 6%?

Harvey Finley did a quick double take when he caught a glimpse of the figure representing Ms. Brannen’s salary on the year-end printout. A hurried call to payroll confirmed it. Yes, his receptionist had been paid $127 614.21 for her services last year. As he sat in stunned silence, he had the sudden realization that since his firm was doing so well this year, she would earn at least 10 to 15 percent more money during the current fiscal year. This was a shock, indeed.

b. Use your answer to part A to determine the total annual indirect cost assigned to:

PTO time will allow employees more flexibility when it comes to vacation time, emergencies, and even schedules events that require the individual to miss work. These twelve days will help the employee’s better plan his/ her vacation and other scheduled commitments and drastically reduce the number of unscheduled days off since all the days in one category instead of only allowing five sick days and seven vacation days. However, there will still be some days that the employees cannot request off in advance, but this policy would allow the employee a certain time period to tell the employer they cannot make it to work on a given day. By offering this type of time off structure, it will help the employer more time to plan and prepare for the staff shortage in a more efficient manner. Also, paid time off helps the employer and employee not have to differentiate what is acceptable and applicable to a holiday and sick day and it will help motivate the employees to not use a sick day unless he/ she is actually sick (Hulett, 2007). Therefore, if an employee is rarely sick, then that employee will have more vacation time to use

24,675 = (18% x 1175 x 1.5 x base wage rate) + (82% x 1175 x base wage rate)

Kelly wanted Patricia to have her full vacation this year and to not be penalized for any miscommunication they might have had in 2016 regarding this issue. Miscommunication that caused Patricia to overtake some vacation time. I changed the vac. time (manually) in Ultipro for 2017 to 80 hours. Patricia hasn’t taken any vacation so far for 2017. Please see attached and keep it with your records.

28 days holiday (paid) for full time employees (part-time employees would receive this on a pro rata basis);

showed Mrs. Carter the job estimation sheet, it laid out the numbers showing that Lambeth could not do the job for less than $1,625. Right there Lambeth would lose $125 since Mrs. Carter was not willing to pay any more than $1,500, not to mention their $275 profit. If the company would have taken the job for $1,500, instead of $1,900, they would have lost a total of $400.

In addition, during the four days they have off, they may feel weak and dazed so they will not be able to work a second part-time job if wanted or be with their loved-ones. After working that many hours in such a short period of time, they would need those four days off to compensate for the hard work they just endured.