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Example 2-9 John Dilcher is paid an hourly rate of $18.50 per hour, and he...

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Accounting

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Example 2-9 John Dilcher is paid an hourly rate of $18.50 per hour, and he worked 49 hours this week. His gross pay is: 40 hours x $18.50 = $740.00 regular earnings 9 hours x $27.75 ($18.50 x 1.5) = 249.75 overtime earnings Total gross pay = $989.75 The wages and hours information for five employees of McNeese Enterprises for the week ended July 7 is given below. Employees work a standard 40-hour workweek and are paid time and one-half for all hours over 40 in each workweek. If required, round your answers to two decimal places and use the rounded answers in subsequent computations. Round your final answers to the nearest cent. a. For each employee, compute the regular earnings, overtime rate, overtime earnings, and total gross earnings. b. Compute the total gross earnings for all employees. Employee Hours Worked Regular Hourly Wage Rate Regular Earnings Overtime Rate Overtime Earnings Total Gross Earnings Carman, T. 42 $9.90 396 14.85 29.70 425.70 Galasso, A. 45 10.15 406 Jones, B. 42 8.70 348 13.05 26.1 374.10 Rodna, G. 47 11.00 440 16.50 115.50 555.50 Wilmon, W. 43.5 11.70 468 17.55 61.43 529.43 (b) Total gross earnings

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