Chapter 8, Problem 1SEA

### College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

Chapter
Section

### College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

# COMPUTING WEEKLY GROSS PAY Ryan Lawrence's regular hourly rate is $15. He receives 11½ times the regular rate for any hours worked over 40 a week and double the rate for work on Sunday. During the past week, Lawrence worked 8 hours each day Monday through Thursday, 10 hours on Friday, and 5 hours on Sunday. Compute Lawrence's gross pay for the past week. To determine Compute the Person L’s gross pay for the past week. Explanation Gross pay: Gross pay is a payment made to an employee for completion of work allocated by the company. Gross pay is computed by using normal hours worked by the employee with hourly wages rate. Compute the Person Lâ€™s gross pay for the past week.  Particulars Hours (A) Rate (B) Amount in$ (AÃ—B) Regular hours 40 $15$600 Time-and -a half overtime (1) 2 (2) $22.50 45 Double-time overtime 5 (3)$30 150 Gross pay Â Â 795

(Table 1)

Therefore, the Person Lâ€™s gross pay for the past week is \$795.

Working Notes:

(1) Calculate the hours for the time- and-a half overtime:

TotalÂ Â hoursÂ forÂ theÂ time-Â and-Â aÂ halfÂ overtime}=(TotalÂ numberÂ ofÂ hoursÂ workedÂ onÂ friday)Â âˆ’(TotalÂ numberÂ ofÂ hoursÂ workedÂ fromÂ MondayÂ throughÂ Thursday

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