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Accounting

EXAMPLE:

Figure 2.3 Time Card

No. 312 Pay Ending October 17, 20--
NAME GARY A. SCHNEIDER 000-00-7471
Hours Rate Amount

DEDUCTIONS

OASDI 32 66
Reg. 40 10.75 430 00 HI 7 64
O/T 6 16.13 96 78 FIT 63 00
SIT 10 54
Group Life Ins. 1 60
Hospital Ins. 3 15
Total Earnings 526 78 U.S Sav. Bonds 5 00
Less Deductions 123 59 Other
NET PAY 403 19 Total 123 59
Days MORNING AFTERNOON OVERTIME Daily Totals
IN OUT IN OUT IN OUT
1 M 759 M 1203 M 100 M 505 8
2 TU 750 TU 1204 TU 1259 TU 507 8
3 W 751 W 1201 W 1250 W 504 W 529 W 735 10
4 TH 800 TH 1202 TH 1258 TH 503 8
5 FR 800 FR 1205 FR 101 FR 506 8
6 SA 755 SA 1204 4
7
Signature Gary A. Schneider

Under the decimal system of computing time worked at Timmerman Company, production workers who are tardy are "docked" according to the schedule shown below.

Minutes Late in Ringing in Fractional Hour Deducted
1 through 6 1/10
7 through 12 2/10
13 through 18 3/10
19 through 24, etc. 4/10

The regular hours of work, Monday through Friday, are from 7:30 to 11:30 A.M. and from 12:30 to 4:30 P.M. During one week, Henry Vanderhoff, who earns $10.30 an hour, reports in and checks out as shown below. Employees are not paid for ringing in a few minutes before 7:30 and 12:30 nor for ringing out a few minutes after 11:30 and 4:30.

DAY AM PM HRS WORKED
M In Out In Out
7:28 11:31 12:29 4:31
T 7:35 11:30 12:30 4:30
W 7:50 11:33 12:27 4:32
Th 7:27 11:31 12:50 4:33
F 7:28 11:32 12:40 4:30

Refer to the partial time card above and compute the following:

a. The hours worked each day. Enter any fraction of an hour as a decimal. For example 23/10 hours would be entered as 2.3.

Monday HOURS:
Tuesday HOURS:
Wednesday HOURS:
Thursday HOURS:
Friday HOURS:

B. The total hours worker:______hours

C. The gross eranings for the week. Round your answer to the nearest cent: $_______

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