Computing Overtime Rate of Pay and Gross Weekly Pay

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Computing Overtime Rate of Pay and Gross Weekly Pay

Mike Fritz receives a regular salary of $3,120 a month and is paid 1½ times the regular hourly rate for hours worked in excess of 40 per week.

a.  Calculate Fritz's overtime rate of pay.

$fill in the blank 1 overtime pay per hour

b.  Calculate Fritz's total gross weekly pay if he works 46 hours during the week.

$fill in the blank 2

 

 

 
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