During the past week, four employees of Lovo Inc. worked the number of hours shown in the table. All four employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Calculate the regular earnings, overtime earnings, and gross pay for each employee. Employee Hourly rate Hours worked Regular earnings Overtime earnings Gross pay Ann We $18 45 Gregory Box $19 44 Dan Knox $19 43 Lana Gonzales $17 46 Total 178
During the past week, four employees of Lovo Inc. worked the number of hours shown in the table. All four employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Calculate the regular earnings, overtime earnings, and gross pay for each employee. Employee Hourly rate Hours worked Regular earnings Overtime earnings Gross pay Ann We $18 45 Gregory Box $19 44 Dan Knox $19 43 Lana Gonzales $17 46 Total 178
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the past week, four employees of Lovo Inc. worked the number of hours shown in the table. All four employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Calculate the regular earnings, overtime earnings, and gross pay for each employee.
Employee Hourly rate Hours worked Regular earnings Overtime earnings Gross pay
Ann We $18 45
Gregory Box $19 44
Dan Knox $19 43
Lana Gonzales $17 46
Total 178
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