The chief estimator has asked you to determine the average hourly cost for equipnent operators using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday). Overtime is paid for over 40 hours at a rate of Time and a half. Base Wage $22.00 per hour Social Security Tax - 7.65% Unemployment Compensation Tax - 2.75% Worker Compensation Insurance $32.00/100 Public liability/Property Damage Insurance - $3.10/100 Fringe Benefits $6.25 per hour

You are considering two job offers: Job 1 is a full-time position that pays $58,000 annually and Job 2 is a full-time (40 hours a week) job that pays $26 an hour.  You will pay 12% of your income for federal income taxes, 6.2% for Social Security, 1.45% for Medicare, and 4% for state income taxes.  Job 1 has the following benefits:  Health insurance costs $220 a month pre-tax income and the retirement plan is $180 of your after-tax income.  You receive (10 days) of paid vacation. Job 2 has the following benefits: health insurance costs $75 a month of your pre-tax income and the retirement plan is 5% of your pre-tax income.  You receive 1 week (5 days) of paid vacation.You plan on taking 2 weeks (10 days) of vacation. What is the Gross Monthly Income ater Deductions for Job 1?     $4,833.33     $4,613.33     $3,522.27     $3,342.27

9. You are a computer technician for Data Control. You earn a regular hourly rate of $15.40. You earn time and a half for work on Saturdays and double time on Sundays. This week you worked 38 hours from Monday through Friday, 8 hours on Saturday, and 5 hours on Sunday. What is your total pay for the week? HALGERI 40-hour work week. Her for a reguler pay 1or any hours over 40 per

Glenda Rome earns $980 biweekly and works a standard 40-hour workweek.  Compute Rome’s regular hourly and overtime rates. Select one: a. $24.50 and $18.38 b. $12.25 and $18.38 c. $12.25 and $36.75 d. $24.50 and $36.75

You are considering two job offers: Job 1 is a full-time position that pays $58,000 annually and Job 2 is a full-time (40 hours a week) job that pays $26 an hour.  You will pay 12% of your income for federal income taxes, 6.2% for Social Security, 1.45% for Medicare, and 4% for state income taxes.  Job 1 has the following benefits:  Health insurance costs $220 a month pre-tax income and the retirement plan is $180 of your after-tax income.  You receive (10 days) of paid vacation. Job 2 has the following benefits: health insurance costs $75 a month of your pre-tax income and the retirement plan is 5% of your pre-tax income.  You receive 1 week (5 days) of paid vacation.You plan on taking 2 weeks (10 days) of vacation. What is the Monthly Take Home Pay for Job 1? $4,833.33     $4,613.33     $3,522.27     $3,342.27

Calculate net pay in the following example. Assume that FICA reate is 7.65%, FITW is 15% and the employee did not earn more than $50,000.   Robert is paid $475 per week and makes a pretax contribution of $75 for medical insurance to his employer's flexible benefit plan.   Do not include a dollar sign in your answer. Round to the nearest tenth.

Rand Company produces dry fertilizer. At the beginning of the year, Rand had the following standard cost sheet: Direct materials (8 lbs. @ $1.25) $10.00 Direct labor (0.15 hr. @ $18.00) 2.70 Fixed overhead (0.20 hr. @ $3.00) 0.60 Variable overhead (0.20 hr. @ $1.70) 0.34   Standard cost per unit $13.64 Overhead rates are computed using practical volume, which is 49,000 units. The actual results for the year are as follows: Units produced: 53,000 Direct materials purchased: 408,000 pounds at $1.32 per pound Direct materials used: 406,800 pounds Direct labor: 10,500 hours at $17.95 per hour Fixed overhead: $36,570 Variable overhead: $18,000 MPV=28,560 UNFAV   MUV=21,500 FAV   LRV=525 FAV   LEV=45,900 UNFAV   FIXED SPENDING VARIANCE= 7,170 UNFAV   FIXED VOLUME VARIANCE= 2,400 FAV   VARIABLE SPENDING= 150 UNFAV   VARIABLE EFFICIENCY= 4,335 UNFAV    Prepare journal entries for the following: The purchase of direct materials The issuance…

For the first week of May, Frank Taylor worked 33 hours. Frank earns $16.40 an hour. His employer pays overtime for all hours worked in excess of 40 hours per week and pays 1.5 times the hourly rate for overtime hours. Calculate the following for the first week of May (round your responses to the nearest cent if necessary): 1. Regular pay amount: $ 2. Overtime pay: $ 3. Gross pay: $

How would I calculate hourly rate for a non exempt employee with hours past 40? How would I factor in overtime? EX: Cooper worked 88 hours from 10/1 to 10/15 and is paid semi monthly. He earns 62,000 annually.

Compute gross wages due each employee under federal wage-hour law: Latisha is normally paid $1,200 for a 40-hour workweek. One Monday she is out sick but receives 8 hours sick pay. She then works 40 hours Tuesday–Friday. Al is normally paid $500 for a 40-hour workweek. One week, he works 45 hours. Lee is normally paid $1,500 for a 40-hour workweek. To make up for leaving early one Friday, he works 44 hours this week.