Mr. A - Annual Salary $120,000, Vacation pay 10%, Pay period frequency: Monthly. Number of hours required
Question:
Mr. A - Annual Salary $120,000, Vacation pay 10%, Pay period frequency: Monthly. Number of hours required to work monthly is 160. Any hours over 162 is considered overtime.
Mr. B - Annual Salary $163,000, Vacation pay 4%, Pay period frequency: Semi-monthly. Mr. B is required to work 80 hours per pay cycle, any hours over 85 is considered overtime.
Mr. C - Annual Salary $99,000. Vacation pay 6%, Pay period frequency: Monthly. Number of hours required to work monthly is 150. Any hours over 155 is considered overtime.
Assume the followings are Mr. A, B, and C's gross earnings in 2023
Mr. A - $120,000, Mr. B - $145,000, and C $65,000
Required:
Please calculate ABC's WCB premium when the WCB premium is $2.10 per $100.
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young