Find the number of regular hours and the overtime hours (hours over 40) for the employee. Then calculate the overtime rate (time and a half) for the employee.NameMThFSReg. Hrs.O.T. Hrs.Reg. RateO.T. RateDamon, T.8.7578.25$20.18.....What is the number of regular hours worked by Mr. Damon? hehours(Type an integer or decimal rounded to two decimal places as needed.)How many overtime hours did Mr. Damon work?hours(Type an integer or decimal rounded to two decimal places as needed.)What was the overtime rate for Mr. Damon? $(Round to the nearest cent.)

The actual number of hours worked by the employee which are over and above regular working hours is…

Answered: Find the number of regular hours and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question: James Cook works as a cleaner at stock cruises company Limited. during a week, he worked for the following hours. *Monday - 9 hours *Tuesday - 8 hours *Wednesday - 10 hours *Thursday - 4 hours *Friday - 8. 5 hours * Saturday - 5 hours * James hourly wages rate is $3.50. * he is entitled to 1 hour paid lunch every day. * James normal working hours is 8 hours per day from Monday to Friday. * if he works any hours more than that, he is entilted to to receive overtime wages, time and half. *Saturday and Thursday were a public holiday. Thus, James is entitled to receive double time wages . *from the weekly wages of James, his deductions includes 6% contributions towards a superannuation of his choice, $10 to medical insurance, $8 to a union of his choice, and a direct deposit of $20 as bank loan. reqiured: please answer this question by;; a) Calculate James net pay for the week.
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Subject:- Accounting
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