1. Ben Lieber is a waiter at Harbor House, where he receives aweekly wage of $81.20 plus tips for a 40-hour workweek. Lieber'sweekly tips usually range from $275 to $390.
Round your answers to the nearest cent.
a. Under the Fair Labor Standards Act, theminimum amount of wages that Lieber must receive for a 40-hourworkweek is
2. Carrie Overwood works fluctuating work schedules. Besides herfixed salary of $1,051 per week, her employment agreement providesfor overtime pay at an extra half-rate for hours worked over 40.This week she worked 48 hours. Compute the following amounts.
Round all divisions to two decimal places and use the roundedamounts in subsequent computations. Round your final answers to thenearest cent.
a. The overtime earnings b. The total earnings
c. If this was a BELO plan with a pay rate of$23.45 per hour and a maximum of 48 hours, how much would Overwoodbe paid for 44 hours?
3. During the first week in November, Erin Mills worked 43.00hours and produced 1,217 units under a piece-rate system. Theregular piece rate is $0.32 a unit. Mills is paid overtimeaccording to the FLSA ruling for overtime work under a piece-ratesystem. Compute the following amounts.
Round all divisions to two decimal places and use the roundedamounts in subsequent computations. Round your final answers to thenearest cent.
a. The piecework earnings b. The regular hourly rate The overtime hourly rate c. The overtime earnings d. The total earnings
4. Jill Connor is employed as a salesperson in the men'sdepartment of Fashion Line. In addition to her weekly base salaryof $349, Connor is paid a commission of 2% on her total net salesfor the week (total gross sales less any customer returns). Duringthe past week, to promote the sale of its fine cashmere sweaters,Fashion Line agreed to pay Connor an additional PM (push money) of3% of the total net sales of cashmere sweaters. Connor's weeklysales tally is given below.
Item Gross Sales Customer Returns Regular sweaters $391 $55 Cashmere sweaters 1012 74 Ties 177 0 Dress shirts 449 38 Sports shirts 199 29
Compute Connor's total weekly earnings, showing her (a) weeklybase salary, (b) commission, (c) PM, and (d) total weekly earnings.Round your intermediate and final answers to the nearest cent.
a. Weekly base salary: Weekly gross sales Less customer returns Weekly net sales b. Commission: $ Ã 2% Weekly gross sales of cashmere sweaters Less customer returns Weekly net sales of cashmere sweaters c. Push money (PM): $ Ã 3% d. Total weekly earnings
1. Ben Lieber is a waiter at Harbor House, where he receives aweekly wage of $81.20 plus tips for a 40-hour workweek. Lieber'sweekly tips usually range from $275 to $390.
Round your answers to the nearest cent.
a. Under the Fair Labor Standards Act, theminimum amount of wages that Lieber must receive for a 40-hourworkweek is
2. Carrie Overwood works fluctuating work schedules. Besides herfixed salary of $1,051 per week, her employment agreement providesfor overtime pay at an extra half-rate for hours worked over 40.This week she worked 48 hours. Compute the following amounts.
Round all divisions to two decimal places and use the roundedamounts in subsequent computations. Round your final answers to thenearest cent.
| a. The overtime earnings | |
| b. The total earnings |
c. If this was a BELO plan with a pay rate of$23.45 per hour and a maximum of 48 hours, how much would Overwoodbe paid for 44 hours?
3. During the first week in November, Erin Mills worked 43.00hours and produced 1,217 units under a piece-rate system. Theregular piece rate is $0.32 a unit. Mills is paid overtimeaccording to the FLSA ruling for overtime work under a piece-ratesystem. Compute the following amounts.
Round all divisions to two decimal places and use the roundedamounts in subsequent computations. Round your final answers to thenearest cent.
| a. | The piecework earnings | ||
| b. | The regular hourly rate | ||
| The overtime hourly rate | |||
| c. | The overtime earnings | ||
| d. | The total earnings |
4. Jill Connor is employed as a salesperson in the men'sdepartment of Fashion Line. In addition to her weekly base salaryof $349, Connor is paid a commission of 2% on her total net salesfor the week (total gross sales less any customer returns). Duringthe past week, to promote the sale of its fine cashmere sweaters,Fashion Line agreed to pay Connor an additional PM (push money) of3% of the total net sales of cashmere sweaters. Connor's weeklysales tally is given below.
| Item | Gross Sales | Customer Returns |
| Regular sweaters | $391 | $55 |
| Cashmere sweaters | 1012 | 74 |
| Ties | 177 | 0 |
| Dress shirts | 449 | 38 |
| Sports shirts | 199 | 29 |
Compute Connor's total weekly earnings, showing her (a) weeklybase salary, (b) commission, (c) PM, and (d) total weekly earnings.Round your intermediate and final answers to the nearest cent.
| a. | Weekly base salary: | ||||
| Weekly gross sales | |||||
| Less customer returns | |||||
| Weekly net sales | |||||
| b. | Commission: $ Ã 2% | ||||
| Weekly gross sales of cashmere sweaters | |||||
| Less customer returns | |||||
| Weekly net sales of cashmere sweaters | |||||
| c. | Push money (PM): $ Ã 3% | ||||
| d. | Total weekly earnings |
Related questions
Problem Information
Use the following tax rates and taxable wage bases: Employees' and Employer's OASDIâ6.2% both on $118,500; HIâ1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9% on wages in excess of $200,000 was not applicable.
At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly basis. All office workers are entitled to overtime pay for all hours worked beyond 40 each workweek at 1.5 times the regular hourly rates.
Company records show the following information for the week ended December 26, 20--.
| Employee | Salary | Hrs. Worked | Cumulative Taxable Wages as of Last Pay Period (12/19/--) | ||||||||
| OFFICE | King, M. | $119,600.00 per year | 40 | $117,300.00 | |||||||
| Manera, E. | $6,500.00 per month | 40 | $76,500.00 | ||||||||
| Tate, S. | $3,900.00 per month | 48 | $45,900.00 | ||||||||
| Yee, L. | $12.50 per hour | 44.5 | $27,675.13 | ||||||||
| PLANT | Diaz, R. | $12.50 per hour | 48 | $14,778.96 | |||||||
| Zagst, J. | $14.50 per hour | 52 | $24,703.02 | ||||||||
On the form below, calculate for each worker: (a) regular earnings, (b) overtime earnings, (c) total regular and overtime earnings, (d) FICA taxable wages, (e) FICA taxes to be withheld, and (f) net pay for the week ended December 26, 20--. Assume that there are 52 weekly payrolls in 20--. Also, determine the total where indicated. Round your answers to the nearest cent and use those rounded amounts in subsequent calculations. If an amount box does not require an entry, leave it blank.
| Weekly Payroll for Period Ending December 26, 20-- | |||||||||||
| Employee | Salary | Hrs. Worked | Regular Earnings (A) | Overtime Earnings (B) | Total Reg. and O/T Earnings (C) | Cum. Taxable Wages as of Last Pay Period (12/19/--) | FICA Taxable Wages This Pay Period (D) | FICA Taxes to be Withheld (E) | Net Pay (F) | ||
| OASDI | HI | OASDI | HI | ||||||||
| OFFICE: King, M. | $119,600.00 per year | 40 | $ | $ | $ | $117,300.00 | $ | $ | $ | $ | $ |
| Manera, E. | $6,500.00 per mo. | 40 | $76,500.00 | ||||||||
| Tate, S. | $3,900.00 per mo. | 48 | $45,900.00 | ||||||||
| Yee, L. | $12.50 per hr. | 44.5 | $27,675.13 | ||||||||
| PLANT: Diaz, R. | $12.50 per hr. | 48 | $14,778.96 | ||||||||
| Zagst, J. | $14.50 per hr. | 52 | $24,703.02 | ||||||||
| Totals | .... | .... | $ | $ | $ | .... | $ | $ | $ | $ | $ |
Employer's FICA Taxes:
| OASDI: | $ |
| HI: | $ |
Kipley Company is a small manufacturing firm located inPittsburgh, Pennsylvania. The company has a workforce of bothhourly and salaried employees. Each employee is paid for hoursactually worked during each week, with the time worked beingrecorded in quarter-hour increments. The standard workweek consistsof 40 hours, with all employees being paid time and one-half forany hours worked beyond the 40 regular hours.
Wages are paid every Friday, with one week's pay being held backby the company. Assume that the first payday for Kipley Company isJanuary 14 for the workweek ending January 8 (Saturday).
You are being asked to complete Kipley's Payroll Register forthe pay period ending January 8, 20--. Ms. Glenda B. Robey preparesthe Time Clerk's Report for each pay period. This alongwith the Hourly Wage / Salary Report is provided.
Requirement:
Record the regular hours and the overtime hours worked for eachemployee, using the time clerk's report as your reference.
Complete the Regular Earnings columns (Rate per Hour and Amount)for hourly employees. For only hourly employees that workedovertime, complete the Overtime Earnings columns (Rate per Hour andAmount).
For salaried workers, complete the Regular Earnings column and showthe hourly overtime rate and earnings only if overtime wasworked.
Record the Total Earnings for each employee by adding theRegular Earnings and the Overtime Earnings.
Hourly Wage / Salary Report
Kipley's Hourly Wage / Salary Report is provided below, listingeach employee's assigned time card number as well as theirindividual hourly rate or salary.
| Time Card No. | Employee Name | Hourly Wage orSalary | ||
|---|---|---|---|---|
| 11 | Fran M. Carson | $17.50 | per hour | |
| 12 | William A. Wilson | 17.25 | per hour | |
| 13 | Harry T. Utley | 18.10 | per hour | |
| 21 | Lawrence R. Fife | 17.90 | per hour | |
| 22 | Lucy K. Smith | 19.75 | per hour | |
| 31 | Gretchen R. Fay | 515 | per week | |
| 32 | Glenda B. Robey | 2,700 | per month | |
| 33 | Thomas K. Schork | 3,350 | per month | |
| 51 | Barbara T. Hardy | 2,510 | per month | |
| 99 | Carson C. Kipley | 52,000 | per year | |
Time Clerk's Report
Ms. Glenda B. Robey prepares the time clerk's report for eachpay period. Her report for the first week of operations is givenbelow.
Note: All employees, except for Carson Kipley, are paidfor hours worked beyond 40 at one and one-half times their regularhourly rate of pay.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payroll Register
This is the first task to completing Kipley Company's payrollregister. Complete the steps outlined below:
Record the regular hours and the overtime hours worked for eachemployee, using the time clerk's report as your reference.
Complete the Regular Earnings columns (Rate per Hour and Amount)for hourly employees. For only hourly employees that workedovertime, complete the Overtime Earnings columns (Rate per Hour andAmount).
For salaried workers, complete the Regular Earnings column and showthe hourly overtime rate and earnings only if overtime wasworked.
Record the Total Earnings for each employee by adding theRegular Earnings and the Overtime Earnings.
If an amount box does not require an entry, leave it blank orenter "0". If required, round your intermediate calculations to thenearest cent and use the rounded amounts in subsequentcomputations. Round fraction values to the nearest two decimalplaces, e.g. 1 1/2 to 1.50.
| KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20 -- | ||||||||||
| Regular Earnings | Overtime Earnings | |||||||||
| Time Card No. | Name | Marital Status | No.W/H Allow. | Hours Worked | Rate per Hour | Amount | Hours Worked | Rate per Hour | Amount | Total Earnings |
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Carson, F. | S | 1 | $ | $ | $ | $ | $ | ||
| 12 | Wilson, W. | S | 0 | |||||||
| 13 | Utley, H. | M | 2 | |||||||
| 21 | Fife, L. | M | 4 | |||||||
| 22 | Smith, L. | S | 2 | |||||||
| 31 | Fay, G. | M | 3 | â¦â¦â¦ | ||||||
| 32 | Robey, G. | M | 6 | â¦â¦â¦ | ||||||
| 33 | Schork, T. | S | 1 | â¦â¦â¦ | ||||||
| 51 | Hardy, B. | M | 5 | â¦â¦â¦ | ||||||
| 99 | Kipley, C. | M | 7 | â¦â¦â¦ | ||||||
| Totals | $ | â¦â¦â¦ | â¦â¦â¦ | $ | $ | |||||
