Calculate gross pay for each of the following employees. All are paid an overtime wage rate that
Question:
Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
1). Anita Workman receives tips from customers as a standard component of her weekly pay. She is paid $2.70/hour by her employer and receives $277 in tips during the most recent 48-hour workweek. Gross Pay = $
2). Cole Earnhardt receives tips from customers as a standard component of his weekly pay. He is paid 2.15/hour by his employer and receives $436 in tips during the most recent 46-hour workweek. Gross Pay = $
3). Calista Flood receives tips from customers as a standard component of her weekly pay. She is paid $4.15/hour by her employer and receives $354 in tips during the most recent 36-hour workweek. Gross Pay = $
4). Bethany Pugh receives tips from customers as a standard component of her weekly pay. She is paid $3.50/hour by her employer and receives $179 in tips during the most recent 48-hour workweek. Gross Pay = $
Ethics in Accounting A Decision Making Approach
ISBN: 978-1118928332
1st edition
Authors: Gordon Klein