The following hourly rate employees who earn time and a half for overtime hours
ID: 2488233 • Letter: T
Question
The following hourly rate employees who earn time and a half for overtime hours need to have theirgross earnings computed for last week:
a. Robert Parker $15.20/hour worked 38.5 hours
b. Mauve Kinder $17.40/hour worked 43 hours
EMPLOYEE REGULAR EARNINGS OVERTIME EARNINGS GROSS EARNINGS
A
B
Randy Smithson earns a regular hourly wage of $14.60, and time and a half overtime during the Mon-Friwork week, and double-time for Sat-Sun and Holiday hours. Last week, he worked 42 hours (Mon-Fri),and 5 hours (Sat). Compute the following:
Overtime rate (time and a half) $____________
Overtime rate (double time) $____________
Regular earnings $____________
Overtime earnings (time and a half) $____________
Overtime earnings (double time) $____________
Gross earnings $____________
Miller and Goldsmith Law firm employs the following employees who are paid according to their salary
plan. Compute their gross earnings:
a. Cindy Rote, legal assistant, weekly salary of $580 and regular workweek of 40 hours. Overtime ispaid for any time over 40 hours at time and a half her regular hourly rate. She worked 44 hours.
Regularly hourly rate $____________
Weekly salary $____________
Overtime rate $____________
Overtime earnings $____________
Gross earnings $____________
Determine gross earnings for employees who are paid according to the commission plan.
a. Pauline Welch sells medical equipment to hospitals. She earns a commission of 3 percent. Last week, her sales totaled $46,750.
Gross earnings $_____________
b. Paul Harley works a regular workweek of 40 hours and sells sporting goods in a large discountstore. He has a commission rate of 6 percent. Last week, his sales totaled $7,420.
Gross earnings $_____________
c. Sylvia Barnes sells paintings and drawings in an art gallery. She receives a commission rate of 2
percent on paintings and 1.5 percent on drawings. Last week, her sales of paintings totaled $31,450 and her sales of drawings totaled $8,700
Commission on paintings $_____________
Commission on drawings $_____________
Gross earnings $_____________
Find the gross earnings for employees who are paid according to salary-commission plans:a. Greg Laire sells carpeting for a local home improvement business. He receives a weekly salary of$300 and a commission rate of 3 percent on all sales. Last week, his sales were $15,600.
Weekly salary $___________
Commission $___________
Gross earnings $___________
b. Mack Patterson sells auto parts to service stations and discount stores. He receives a monthly salary of $1,560 and a commission rate of 4 percent on any sales above his monthly quota of $30,000 Last month, his total sales were $118,000.
Sales above quota $___________
Monthly salary $___________
Commission $___________
Gross earnings $___________
c. Sylvia Wingate is a regional sales manager for a software firm. She receives a monthly salary of$3,120 and a commission rate of 6 percent on all sales that she makes. She also receives acommission of ½ of 1 percent on the sales made by salespeople who work under hersupervision. Last month, her sales totaled $18,500 and sales of salespersons in her regiontotaled $124,000.
Monthly salary $______________
Commission on personal sales $______________
Commission on sales of other salespeople $______________
Gross earnings $______________
Explanation / Answer
Ans 1 Employee Earnings Regular Earning Overtime Earning Gross Robert Parker 585.2 585.2 (15.2*38.5) Mauve Kinder 696 78.3 774.3 (17.4*40) (17.4*1.5*3) Note 40 hours per week is standard hours Ans 2 Overtime rate (time and a half) 14.6*1.5 21.9 Overtime rate (double time) 14.6*2 29.2 Regular earnings 40*14.6 584 Overtime earnings (time and a half) 2*21.9 43.8 Overtime earnings (double time) $ 5*29.2 146 Gross earnings 773.8 Ans 3 Regularly hourly rate $ 580/40 14.5 Weekly salary W 580 580 Overtime rate 14.5*1.5 21.75 Overtime earnings $ O 4*21.75 87 Gross earnings $ W+O 667 Dear student please don’t post multiple questions under one question I have answered first three question
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