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 Based on Actual Hours Worked Regular Hours, Job A fill in the blank 5cd3d70a5fc9071_11 Hourly Rate, Job A $fill in the blank 5cd3d70a5fc9071_12 Regular Total Pay, Job A $ fill in the blank 5cd3d70a5fc9071_13 Regular Hours, Job B fill in the blank 5cd3d70a5fc9071_14 Hourly Rate, Job B fill in the blank 5cd3d70a5fc9071_15 Regular Total Pay, Job B   fill in the blank 5cd3d70a5fc9071_16 Overtime Hours fill in the blank 5cd3d70a5fc9071_17 Overtime Rate fill in the blank 5cd3d70a5fc9071_18 Overtime Total Pay   fill in the blank 5cd3d70a5fc9071_19 Total Gross Earnings $ fill in the blank 5cd3d70a5fc9071_20   Rate after 40th Hour In this scenario, again Keegan worked a total of 44 hours, but the overtime hour(s) can be specifically attributed to Job B. Regular Hours, Job A fill in the blank 5cd3d70a5fc9071_21 Hourly Rate, Job A $fill in the blank 5cd3d70a5fc9071_22 Regular Total Pay, Job A $ fill in the blank 5cd3d70a5fc9071_23 Regular Hours, Job B fill in the blank 5cd3d70a5fc9071_24 Hourly Rate, Job B fill in the blank 5cd3d70a5fc9071_25 Regular Total Pay, Job B   fill in the blank 5cd3d70a5fc9071_26 Overtime Hours fill in the blank 5cd3d70a5fc9071_27 Overtime Rate fill in the blank 5cd3d70a5fc9071_28 Overtime Total Pay   fill in the blank 5cd3d70a5fc9071_29 Total Gross Earnings $ fill in the blank 5cd3d70a5fc9071_30

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

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

Based on Actual Hours Worked

Regular Hours, Job A fill in the blank 5cd3d70a5fc9071_11 Hourly Rate, Job A $fill in the blank 5cd3d70a5fc9071_12 Regular Total Pay, Job A $ fill in the blank 5cd3d70a5fc9071_13
Regular Hours, Job B fill in the blank 5cd3d70a5fc9071_14 Hourly Rate, Job B fill in the blank 5cd3d70a5fc9071_15 Regular Total Pay, Job B   fill in the blank 5cd3d70a5fc9071_16
Overtime Hours fill in the blank 5cd3d70a5fc9071_17 Overtime Rate fill in the blank 5cd3d70a5fc9071_18 Overtime Total Pay   fill in the blank 5cd3d70a5fc9071_19
Total Gross Earnings $ fill in the blank 5cd3d70a5fc9071_20

 

Rate after 40th Hour

In this scenario, again Keegan worked a total of 44 hours, but the overtime hour(s) can be specifically attributed to Job B.

Regular Hours, Job A fill in the blank 5cd3d70a5fc9071_21 Hourly Rate, Job A $fill in the blank 5cd3d70a5fc9071_22 Regular Total Pay, Job A $ fill in the blank 5cd3d70a5fc9071_23
Regular Hours, Job B fill in the blank 5cd3d70a5fc9071_24 Hourly Rate, Job B fill in the blank 5cd3d70a5fc9071_25 Regular Total Pay, Job B   fill in the blank 5cd3d70a5fc9071_26
Overtime Hours fill in the blank 5cd3d70a5fc9071_27 Overtime Rate fill in the blank 5cd3d70a5fc9071_28 Overtime Total Pay   fill in the blank 5cd3d70a5fc9071_29
Total Gross Earnings $ fill in the blank 5cd3d70a5fc9071_30

 

The Extra Mile ?

To use one of the computations outlined above, the hourly rate must be during the same 

 

.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Wages and Salaries computation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education