College Accounting: A Career Approach (with Quickbooks Accountant 2015 Cd-rom)
College Accounting: A Career Approach (with Quickbooks Accountant 2015 Cd-rom)
12th Edition
ISBN: 9781305863385
Author: Cathy J. Scott
Publisher: Cengage Learning
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Chapter 7, Problem 1E
To determine

Ascertain the gross pay for the given employees.

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Determine the gross pay for each employee listed below. When necessary, round intermediate calculations and the final answer to the nearest cent. Clay Jones is paid time-and-a-half for all hours over 40. He worked 45 hours during the week. His regular pay rate is $25 per hour. $ Mary James worked 48 hours during the week. She is entitled to time-and-a-half for all hours in excess of 40 per week. Her regular pay rate is $20 per hour. $ Lori Terry is paid a commission of 10 percent of her sales, which amounted to $23,650. $ Nicole Smith's yearly salary is $95,500. During the week, she worked 46 hours, and she is entitled to time-and-a-half for all hours over 40. $
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.
Calista Flood receives tips from customers as a standard component of her weekly pay. She is paid $4.05/hour by her employer and receives $362 in tips during the most recent 39-hour workweek.Gross Pay = $   Bethany Pugh receives tips from customers as a standard component of her weekly pay. She is paid $3.54/hour by her employer and receives $168 in tips during the most recent 52-hour workweek.Gross Pay = $
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