Complete the following table (assume the overtime for each employee is a time-and-a-half rate after 40 hours): (Do ne Intermediate calculations. Round your "overtime rate" and "gross earnings" to the nearest cent.) Total Total Gross regular hours overtime Regular Employee MTW Th F Sa hours rate Overtime rate earnings Ryan 12 8 10 8 6 3 40 $7.80
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- Joseph Cavato is paid $12.96 per hour. During the past week, he worked 46 hours, and he is a covered employee who must be paid for overtime. Calculate his gross pay using the overtime premium approach. Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round your final answers to the nearest cent. a. Regular pay (46 hours) c. Gross payColleen Prescott is a salaried employee who works fluctuating work schedules. She is paid a fixed salary of $920 each week, with an agreement with her employer that overtime (over 40 hours) will be paid at an extra half-rate, based on the actual hours worked. This week she worked 42 hours. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a) the overtime earnings? b) the total earnings? c) If this was a BELO plan with a pay rate of $21 per hour and a maximum of 45 hours, how much would Prescott be paid for 42 hours?Kyle Forman worked 45 hours during the week for Erickson Company at two different jobs. His pay rate was $13.75 for the first 40 hours, and his pay rate was $10.60 for the other 5 hours. Round your overtime rate and other interim computations to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be
- Kyle Forman worked 45 hours during the week for Erickson Company at two different jobs. His pay rate was $14.75 for the first 40 hours, and his pay rate was $11.30 for the other 5 hours. Round your overtime rate and other interim computations to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay $ fill in the blank 1 b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be $ fill in the blank 2Employees’ earnings and taxesA weekly payroll summary made from labor time records showsthe following data for Pima Company:HourlyRateHoursEmployee Classification Regular OvertimeTu, H. Direct $12 40 2Dante, J. Direct 12 40 3Jamal, M. Direct 15 40 4Marcus, L. Indirect 9 40Alexander, T. Indirect 18 40Overtime is payable at one-and-a-half times the regular rate of payand is distributed to all jobs worked on during the period.a. Determine the net pay of each employee. The income taxes withheldfor each employee amount to 15% of the gross wages.b. Prepare journal entries for the following:1. Recording the payroll.2. Paying the payroll.3. Distributing the payroll. (Assume that the overtime premiumwill be charged to all jobs worked on during the period.)4. The employer’s payroll taxes. (Assume that none of theemployees has achieved the maximum wage bases for FICAand unemployment taxes.)Carrie Ortiz works fluctuating work schedules. Besides her fixed salary of $1,070 per week, her employment agreement provides for overtime pay at an extra half-rate for hours worked over 40. This week she worked 46 hours. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a. The overtime earnings $fill in the blank 1 69.78 b. The total earnings $fill in the blank 2 1,139.78 c. If this was a BELO plan with a pay rate of $23.45 per hour and a maximum of 46 hours, how much would Ortiz be paid for 43 hours? $fill in the blank 3 1,149.10 HELP! I don't get C
- Rio Company pays time and a half for hour in excess of 40 hours per week. An individual is paid P75.00 per hour and worked 44 hours a week. Compute for the weekly earnings of the employee. Based on the above, assume further that the employer contribution to SSS, Philhealth, and Pag-ibig amount to P1,200 for the week, and that any overtime work is not required, how much is the total earnings that should be charged to (A) Work in Process and (B) Manufacturing Overhead Control account? Roundoff to the nearest hundredthsE3-12 Employees' earnings and taxes.A weekly payroll summary made from labor time records shows the following data for Pima Company: Hours Employee Classification Hourly Rate Regular Overtime Tu, H. Direct $12 40 2 Dante, J. Direct 12 40 3 Jamal, M. Direct 15 40 4 Marcus, L. Indirect 9 40 Alexander, T. Indirect 18 40 Overtime is payable at one-and-a-half times the regular rate of and is distributed to all jobs worked on during the period. A. Determine the net pay of each employee. The income taxes with- held for each employee amount to 15% of the gross wages. B. Prepare journal entries for the following: 1. Recording the payroll. 2. Paying the…Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1,044 per week, her employment agreement provides for overtime pay at an extra half-rate for hours worked over 40. This week she worked 48 hours. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a. The overtime earnings: $87.04 1044/48= 21.75 21.75 x 0.5= 10.88 8x 10.88= 87.04 b. The total earnings: $1,131.04 1044+ 87.04= 1,131.04 c. If this was a BELO plan with a pay rate of $23.45 per hour and a maximum of 48 hours, how much would Overwood be paid for 42 hours? $ NOTE: I already figure out letter A & B. I just need help with letter C please.
- As the payroll manager for a particular company, your task is to complete the following weekly payroll record. The company pays overtime for all hours worked over 40 at the rate of time-and-a-half. Round to the nearest cent when necessary. Note: Do not round the hourly overtime rate before finding the amount of overtime pay. Employee Lee M 9 T 7 W 8 T 7 F 7 S 0 S 9 Hourly Rate $14.95 Total Hours hr Overtime Hours hr Regular Pay $ Overtime Pay $ Total Pay $Marcell Teague submitted a pay card reflecting the following hours worked at Kicy Inc. He earns $15.65 per hour. The company pays overtime only on hours worked exceeding 40 per week. The company is considering changing from quarter-hour to hundredth-hour time collection. Under the current quarter-hour system, each time the employee clocks in or out, the time is rounded to the nearest quarter-hour. Required: Calculate Marcell’s time for both the quarter-hour and hundredth-hour systems. Calculate Marcell’s total pay in the hundredth-hour and quarter-hour systems. Calculate Marcell’s time for both the quarter-hour and hundredth-hour systems. (Round your intermediate calculations and final answers to 2 decimal places.) In Out In Out Total Hours with Hundredth-hour Total Hours with Quarter-hour 9:30 11:18 12:20 3:18 7:27 12:30 1:41 4:09 9:13 11:39 12:29 3:31 6:00 11:02 12:02 6:03 Calculate Marcell’s total pay in the hundredth-hour and…Determine the gross pay for each employee listed below. When necessary, round intermediate calculations and the final answer to the nearest cent. Nicole Smith's yearly salary is $87,360.00. During the week, Smith worked 42 hours, and she is entitled to time-and-a-half for all hours over 40.