Winter submitted a pay card reflecting the following hours worked at Kicy, Incorporated. Winter earns $15.95 per hour. The company pays overtime only on hours worked exceeding 40 per week. The company is considering changing from quarter-hour to hundredth-hour time collection. Under the current quarter-hour system, each time the employee clocks in or out, the time is rounded to the nearest quarter-hour. Required: 1. Calculate Winter's time for both the quarter-hour and hundredth-hour systems. 2. Calculate Winter's total pay in the hundredth-hour and quarter-hour systems. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Winter's time for both the quarter-hour and hundredth-hour systems. Note: Round your intermediate calculations and final answers to 2 decimal places. In 7:00 9:29 7:15 10:02 Out In 11:16 12:15 12:28 1:43 11:43 12:30 11:00 12:06 Out 5:20 6:10 5:33 3:00 Total Hours with Total Hours with Hundredth-hour Quarter-hour < Required 1 Required 2 >
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- Potts, Inc., recently converted from a 5-day, 40-hour workweek to a 4-day, 40-hour workweek, with overtime continuing to be paid at one and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company, time is recorded under the continental system, as shown on the time card on the following page. Sue Ellen Boggs is part of the Group B employees whose regular workweek is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 to 1630; and 1800 to 2000. The company disregards any time before 800, between 1200 and 1230, and between 1630 and 1800, and permits employees to ring in up to 10 minutes late before any deduction is made for tardiness. Deductions are made to the nearest of an hour for workers who are more than 10 minutes late in ringing in. Refer to the time card and compute: a. The daily total hours ..........................................................................___________ b. The total hours for the week ...............................................................___________ c. The regular weekly earnings ................................................................___________ d. The overtime earnings (company rounds O.T. rate to 3 decimal places)___________ e. The total weekly earnings .....................................................................__________Winter submitted a pay card reflecting the following hours worked at Kicy, Incorporated. Winter earns $14.15 per hour. The company pays overtime only on hours worked exceeding 40 per week. The company is considering changing from quarter-hour to hundredth- hour time collection. Under the current quarter-hour system, each time the employee clocks in or out, the time is rounded to the nearest quarter-hour. Required: 1. Calculate Winter's time for both the quarter-hour and hundredth-hour systems. 2. Calculate Winter's total pay in the hundredth-hour and quarter-hour systems. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Winter's time for both the quarter-hour and hundredth-hour systems. Note: Round your intermediate calculations and final answers to 2 decimal places. In 7:30 9:25 7:10 6:02 Out 11:20 12:28 11:43 11:05 In 12:17 1:40 12:26 12:06 Out 5:18 6:12 5:35 6:04 Total Hours with Total Hours with Hundredth-hour Quarter-hourMarcell Teague submitted a pay card reflecting the following hours worked at Kicy Inc. He earns $15.65 per hour. The company pays overtime only on hours worked exceeding 40 per week. The company is considering changing from quarter-hour to hundredth-hour time collection. Under the current quarter-hour system, each time the employee clocks in or out, the time is rounded to the nearest quarter-hour. Required: Calculate Marcell’s time for both the quarter-hour and hundredth-hour systems. Calculate Marcell’s total pay in the hundredth-hour and quarter-hour systems. Calculate Marcell’s time for both the quarter-hour and hundredth-hour systems. (Round your intermediate calculations and final answers to 2 decimal places.) In Out In Out Total Hours with Hundredth-hour Total Hours with Quarter-hour 9:30 11:18 12:20 3:18 7:27 12:30 1:41 4:09 9:13 11:39 12:29 3:31 6:00 11:02 12:02 6:03 Calculate Marcell’s total pay in the hundredth-hour and…
- 4 Winter submitted a pay card reflecting the following hours worked at Kicy, Incorporated. Winter earns $15.95 per hour. The company pays overtime only on hours worked exceeding 40 per week. The company is considering changing from quarter-hour to hundredth-hour time collection. Under the current quarter-hour system, each time the employee clocks in or out, the time is rounded to the nearest quarter-hour. Required: 1. Calculate Winter's time for both the quarter-hour and hundredth-hour systems. 2. Calculate Winter's total pay in the hundredth-hour and quarter-hour systems. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Winter's time for both the quarter-hour and hundredth-hour systems. Note: Round your intermediate calculations and final answers to 2 decimal places. In 7:00 9:29 7:15 10:02 Out 11:16 12:28 11:43 11:00 In 12:15 1:43 12:30 12:06 Out 5:20 6:10 5:33 3:00 Total Hours with Total Hours with Hundredth-hour Quarter-hourJoseph Cavato is paid $12.96 per hour. During the past week, he worked 46 hours, and he is a covered employee who must be paid for overtime. Calculate his gross pay using the overtime premium approach. Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round your final answers to the nearest cent. a. Regular pay (46 hours) c. Gross payPeter Jones is paid $13.76 per hour. During the past week, he worked 44 hours, and he is a covered employee who must be paid for overtime. Calculate his gross pay using the overtime premium approach. Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round your final answers to the nearest cent. a. Regular pay (44 hours) b. Overtime premium pay c. Gross pay $ $
- Stephanie Parker is a salaried, nonexempt administrator for Forise Industries and is paid biweekly. Her annual salary is $39,000, and her standard workweek is 45 hours. During the pay period ending February 3, 20XX, she worked 8 hours overtime. She is single with two withholding allowances. Required: Complete the following payroll register for Stephanie's pay. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Company Name Stephanie Parker Forise Industries M/S # of W/H Annual Salary Hourly Rate Overtime Rate No. of Regular Hours Period Ended: No. of Overtime Regular Hours Earnings 2/3/20XX Overtime Earnings Gross EarningsCasey Na's average workweek during the first quarter of the year (13 weeks) was 43 hours. As part of his company's perfect attendance program, he earned a bonus of $975. Determine the extra overtime pay due Na for the first quarter. Note: For each calculation, round to 2 decimal places before continuing to next computation. At next step, round to 2 decimal places. And then, round your final answer to the nearest cent. Extra overtime pay $Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Computer Programmer Administrator Regular earnings rate $4,000 per week Not applicable $60 per hour 1.5 times hourly rate $50 per hour 2 times hourly rate Overtime earnings rate* Number of withholding allowances 2 *For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. For the current pay period, the computer programmer worked 50 hours and the ad- ministrator worked 48 hours. The federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit 2 in the chapter. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $75. Determine the gross pay and the net pay for each of the three employees for the current pay period.
- Lendrum Servicing's four employees are paid every two weeks. Atkins runs the office and the remaining employees are sales representatives. Required: Complete the payroll register below for the biweekly period ended March 16, 2021. (Round the final answers to 2 decimal places.) Employee Atkins, D. Nesbitt, M. Trent, F. Vallot, M Totals Gross Pay $ 2,800.00 2,160.00 2,580.00 3,900.00 $ 11,440.00 Deductions United Way $ 46.48 $498.93 $97.00 $ 131.94 35.86 287.63 100.26 42.83 417.80 64.74 EI Premium Income Taxes CPP Total Deductions 67.00 57.00 939.12 317.00 $189.91 $2,143.48 $ 538.00 $639.64 121.05 186.39 Payment Net Pay Distribution Admin. Salaries Sales SalariesFloatin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Administrator Computer Programmer. $30 per hour 1.5 times hourly rate Regular earnings rate Overtime earnings rate Number of withholding allowances 3 *For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who i are single, can be determined by adding $276.54 to 24% of the difference between the employee's amount subject to withholding and $1,692.00. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $81. Gross pay Net pay $2,510 per week Not applicable Determine the gross pay and the net pay for each of the three employees for the current pay…Libby is an hourly employee who earns $14.32/hour. She is paid overtime only for hours worked past 40 in one week. During a weekly pay period, she worked the following hours: Days hours minutes Monday 8 47 Tuesday 8 22 Wednesday 6 25 Thursday 9 6 Friday 7 58 What is the difference between her pay using the quarterly-hour and the hundresth-hour methods? Which method pay Libby the greater amount? (Do not round intermediate calculations. Round your answer to 2 decimal places)