Calculate gross pay for each of the following employees. All are paid an overtim

Question

Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

1: Amy Blackwood receives tips from customers as a standard component of her weekly pay. She is paid $2.25/hour by her employer and receives $175 in tips during the most recent 48-hour workweek. Gross Pay = $

2: Jerold Matthews receives tips from customers as a standard component of his weekly pay. He is paid $3.10/hour by his employer and receives $396 in tips during the most recent 44-hour workweek. Gross Pay = $

3: Laurel Woods receives tips from customers as a standard component of her weekly pay. She is paid $4.25/hour by her employer and receives $299 in tips during the most recent 36-hour workweek. Gross Pay = $

4: Tricia Watkins receives tips from customers as a standard component of her weekly pay. She is paid $2.90/hour by her employer and receives $129 in tips during the most recent 50-hour workweek. Gross Pay = $

Explanation / Answer

Since the standard working hours is not mentioned it is assumed that it is 40 hours per week

1. Tips for Amy black wood : 175

Standard wages.( 48 * 2.25) : 108

Overtime excess (8* 1.125) : 9

Total gross pay. : 292

2. Tips for jerold mathews. : 396

Standard wages earned. : 136.4. ( 3.10*44)

Extra wages for overtime. : 6.2

Total wages earned. : 538.6

3. Tips for laurel woods. : 299

Standard wage rate. : 153

Total pay. : 452

4. Tips for triva watkins. : 129

Standard wages (50*2.90). : 145

Excess wages. (10*1.45). :14.50

Total wages. : 288.50

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