You wish to calculate the total pay for an employee who receives regular time for...

50.1K

Verified Solution

Question

Accounting

You wish to calculate the total pay for an employee who receives regular time for 40 hours, time and a half for 4050 hours, and double time for hours over 50. Provide all formulas.

Hourly Total Hours Regular Regular 41 to 50 41 to 50 51 or more 51 or more Total
Employee Wage Worked Hours Pay Hours Pay Hours Pay Pay
Jenny $10 35
Rob $10 40
Alicia $10 45
Indira $10 50
Whitney $10 55
Overtime Pay Multiplier
41 to 50 hours 1.5
51 or more hours 2

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students