Find the number of regular hours and the overtime hours (hours over 40) for the employee. Then calculate the overtime rate (time and a half) for the employee.NameMThFSReg. Hrs.O.T. Hrs.Reg. RateO.T. RateDamon, T.8.7578.25$20.18.....What is the number of regular hours worked by Mr. Damon? hehours(Type an integer or decimal rounded to two decimal places as needed.)How many overtime hours did Mr. Damon work?hours(Type an integer or decimal rounded to two decimal places as needed.)What was the overtime rate for Mr. Damon? $(Round to the nearest cent.)

The actual number of hours worked by the employee which are over and above regular working hours is…

Answered: Find the number of regular hours and…

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter12: Preparing Payroll Records

Section12.1: Calculating Employee Earnings

Problem 1OYO

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Calculate an employees total earnings if the company pays time-and-a-half when Jill Smith works 41 hours at 15 per hour. a. 600.00 b. 615.00 c. 622.50 d. 635.00 e. None of the above
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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 hundredths
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Robert LaClerq is paid a regular wage of $9.50 an hour, overtime at the rate of 1 times the regular rate for all hours worked over 8 in any weekday, and overtime at the rate of 2 times the regular rate for hours worked on Saturdays, Sundays, and holidays. During the week ended February 14, LaClerq worked the following days and hours. Calculate the regular hours worked and the overtime hours worked. Then answer the questions that follow. Day Total Hours Worked RegularHours OvertimeHours   Monday 7            Tuesday 10            Wednesday 8            Thursday 10            Friday 11            Saturday 2          48          1. How many regular hours did Mr. LaClerq work?   Regular Hours 2. How many overtime hours did Mr. LaClerq work? Overtime Hours   3. What was Mr. LaClerq's regular earnings for the week? (Round your answer to 2 decimal places. Omit the…
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Compute Keegan Jordan's earnings using the three methods described above. Assume the rate for Job A is $17.85 per hour and $19.95 per hour for Job B. Of the 44 hours worked during the week, 22 hours were completed for Job A and 22 hours complete for Job B. Higher Rate for Overtime Hours Regular Hours, Job A fill in the blank 5cd3d70a5fc9071_1 Hourly Rate, Job A $fill in the blank 5cd3d70a5fc9071_2 Regular Total Pay, Job A $ fill in the blank 5cd3d70a5fc9071_3 Regular Hours, Job B fill in the blank 5cd3d70a5fc9071_4 Hourly Rate, Job B fill in the blank 5cd3d70a5fc9071_5 Regular Total Pay, Job B   fill in the blank 5cd3d70a5fc9071_6 Overtime Hours fill in the blank 5cd3d70a5fc9071_7 Overtime Rate fill in the blank 5cd3d70a5fc9071_8 Overtime Total Pay   fill in the blank 5cd3d70a5fc9071_9 Total Gross Earnings $ fill in the blank 5cd3d70a5fc9071_10
. Explain how to calculate the overtime hourly rate for employees who are paid biweekly. 2. How is overtime pay calculated for a nonexempt employee who works on fluctuating schedules and is paid a fixed salary?
Floatin Away Company has three employees a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Computer Programmer Administrator Regular earnings rate $5,000 per week $80 per hour $50 per hour Overtime earnings rate* Not Applicable 1.5 times hourly rate 2 times hourly rate Number of withholding allowances 2 1 2 *For hourly employees, overtime is paid for hours worked in excess of 40 hours per week For the current pay period, the computer programmer worked 46 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit 2 in the chapter. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $81. Determine the gross pay and the net pay for each…
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