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

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Accounting

Example 2-9
John Escobar is paid an hourly rate of $18.50 per hour, and he worked 49 hours this week. His gross pay is:
40 hours $18.50=$740.00 regular earnings
9 hours $27.75($18.501.5)=249.75 overtime earnings
Total gross pay =
and are paid time and one-half for all hours over 40 in each workweek. 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.
(a)
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