5. complete the payroll record. the company pays overtime for all hours worked over 40 at the rate of time…
5. complete the payroll record. the company pays overtime for all hours worked over 40 at the rate of time - and - a - half, rounding to the nearest cent:
Answer
Explanation:
Step1: Calculate total hours for Stearns
Sum the hours worked each day: $6 + 8+8 + 8+9 + 8+0+0=47$ hours.
Step2: Determine regular and overtime hours for Stearns
Regular hours are 40. Overtime hours are $47 - 40=7$ hours.
Step3: Calculate regular pay for Stearns
Regular pay = Regular hours × Hourly rate = $40\times16.75 = 670$ dollars.
Step4: Calculate overtime pay for Stearns
Overtime rate is 1.5 times the regular rate. Overtime pay = Overtime hours×(Hourly rate×1.5)=$7\times(16.75\times1.5)=7\times25.125 = 175.875$ dollars.
Step5: Calculate total pay for Stearns
Total pay = Regular pay+Overtime pay = $670+175.875 = 845.875\approx845.88$ dollars.
Step6: Calculate total hours for Harris
Sum the hours worked each day: $9 + 9+8 + 9+9 + 0+0+0=44$ hours.
Step7: Determine regular and overtime hours for Harris
Regular hours are 40. Overtime hours are $44 - 40 = 4$ hours.
Step8: Calculate regular pay for Harris
Regular pay = Regular hours×Hourly rate = $40\times17.50=700$ dollars.
Step9: Calculate overtime pay for Harris
Overtime pay = Overtime hours×(Hourly rate×1.5)=$4\times(17.50\times1.5)=4\times26.25 = 105$ dollars.
Step10: Calculate total pay for Harris
Total pay = Regular pay+Overtime pay = $700 + 105=805$ dollars.
Step11: Calculate total hours for Logan
Sum the hours worked each day: $5 + 9+8 + 7+9 + 0+4+0=42$ hours.
Step12: Determine regular and overtime hours for Logan
Regular hours are 40. Overtime hours are $42 - 40=2$ hours.
Step13: Calculate regular pay for Logan
Regular pay = Regular hours×Hourly rate = $40\times17.25 = 690$ dollars.
Step14: Calculate overtime pay for Logan
Overtime pay = Overtime hours×(Hourly rate×1.5)=$2\times(17.25\times1.5)=2\times25.875 = 51.75$ dollars.
Step15: Calculate total pay for Logan
Total pay = Regular pay+Overtime pay = $690+51.75 = 741.75$ dollars.
| Employee | Total Hours | Reg Hours | OT Hours | Regular Pay | OT Pay | Total Pay |
|---|---|---|---|---|---|---|
| Stearns | 47 | 40 | 7 | $670.00$ | $175.88$ | $845.88$ |
| Harris | 44 | 40 | 4 | $700.00$ | $105.00$ | $805.00$ |
| Logan | 42 | 40 | 2 | $690.00$ | $51.75$ | $741.75$ |
Answer:
| Employee | Total Hours | Reg Hours | OT Hours | Regular Pay | OT Pay | Total Pay |
|---|---|---|---|---|---|---|
| Stearns | 47 | 40 | 7 | $670.00$ | $175.88$ | $845.88$ |
| Harris | 44 | 40 | 4 | $700.00$ | $105.00$ | $805.00$ |
| Logan | 42 | 40 | 2 | $690.00$ | $51.75$ | $741.75$ |