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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

Calculate an employee’s total earnings if the company pays time-and-a-half when Jill Smith works 41 hours at $15 per hour.

  1. a. $600.00
  2. b. $615.00
  3. c. $622.50
  4. d. $635.00
  5. e. None of the above

To determine

Compute the employee’s total earnings.

Explanation

Gross pay:

Gross pay is a payment made to an employee for completion of work allocated by the company. Gross pay is computed by using normal hours worked by the employee with hourly wages rate.

Compute the employee’s total earnings.

ParticularsHours×RateAmount in $
Straight time40×$15.00 $600.00
Overtime1×(1) $22.50 $22.50
Gross pay   $622

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