Cam Fitzer, a white-collar exempt employee, started working for Villan Company on Thursday of this week.

Cam Fitzer, a white-collar exempt employee, started working for Villan Company on Thursday of this week.

Category:
March 1, 2022
12 Views
0
0

Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows:

1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate).

2. If the third decimal place is 5 or more, round to the next higher cent.

3. If the third decimal place is less than 5, simply drop the third decimal place.

Examples:

Monthly rate $1,827

Weekly rate ($1,827 x 12)/52 = $421.615 rounded to $421.62

Hourly rate $421.62/40 = $10.540 rounded to $10.54

O.T. rate $10.54 x 1.5 = $15.81

Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow

Cam Fitzer, a white-collar exempt employee, started working for Villan Company on Thursday of this week. He worked 9 hours on both Thursday and Friday. His annual salary is $77,000, and he is paid weekly for a 5-day week. Determine his gross pay for his first partial week of work.

Gross pay $_____________

Answer and ExplanationSolution by a verified expert

Answer
gross pay = hours worked* regular hourly wage rate

So 77000/52 = 1480.77 per week

salary for thursday and friday = 1480.77*2/5 = 592.308

gross pay = 592.308

Purchase this answer to view it.
Click the button to login/signup and buy full solution at 2 USD only.

The Best Research Paper Writing Service

Would you want to pay someone to write your paper professionally from scratch? 100% Original and 0% AI Content!.

🎓 Write my Essay
📚 Write my Persuasive Essay
📋 Humanize AI Content for Turnitin
💻 Write my Reflective Essay
📑 Write my Research Paper
📜 Write my Thesis Paper
📘 Write my Dissertation
📋 Write my Case Study
📝 Write my Online Exam
✒️ Write my Term Paper
Write my Paper