Exam 2: Computing Wages and Salaries

Instruction 2-1 Unless instructed otherwise,compute hourly rate 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,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Ides receives 16 cents for every unit produced.Ides produces 2,976 pieces in a 43-hour workweek.For overtime,Ides is paid a sum equal to one-half the regular hourly pay rate multiplied by the number of overtime hours.Ides' total piecework and overtime earnings are __________.

Instruction 2-1 Unless instructed otherwise,compute hourly rate 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,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Kerr receives an annual $25,700 base salary for working the territory in Arizona.A quota of $900,000 in sales has been set for that state.Kerr receives an 8% commission on all sales in excess of $900,000.This year,the sales are $965,000.The total earnings due Kerr this year are __________.

If a business does not meet the enterprise coverage test,none of its workers qualify for individual employee coverage.

A college may employ its own full-time students at 85 percent of the minimum wage.

Under the continental system of recording time,9:00a.m.is recorded as 900 while 9:00 p.m.is recorded as 2100.

Instruction 2-1 Unless instructed otherwise,compute hourly rate 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,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Hall receives 18.5 cents for every unit produced.Hall produces 575 units in an 8-hour workday.Hall's daily wages are __________.

In January 2017,workers who receive the minimum hourly wage are paid $6.10 an hour.

The tips received by a tipped employee are less than $5.12 of the minimum hourly tip credit rate.The maximum permissible tip credit is:

Instruction 2-1 Unless instructed otherwise,compute hourly rate 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,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Fall is paid a biweekly salary of $937.50.Overtime is paid for hours beyond 40 in each workweek.One week,Fall works 3 hours overtime.Fall's pay for this biweekly pay period is __________.

To calculate the overtime pay rate for a commissioned worker,divide the total commission by the hours worked,and then take one-half of the resulting rate of pay.

Instruction 2-1 Unless instructed otherwise,compute hourly rate 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,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Elder is paid a monthly salary of $2,250.Overtime is paid for hours beyond 40 in each workweek.One week,Elder works 7 hours overtime.Elder's gross pay for the week is __________.

Instruction 2-1 Unless instructed otherwise,compute hourly rate 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,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Gorman is paid $10.50 per hour for a 35-hour workweek.This past week,he worked an extra 10 hours on a job at a pay rate of $13.00 per hour.If he is only paid overtime for hours over 40 and the employer uses the average rate method,his total earnings for the 45 hours of work was __________.

The FLSA requires that:

Workers exempt from all of the FLSA requirements include:

Domestics are excluded from coverage under the FLSA individual employee coverage.

Under no conditions may children under age 16 be employed in food service establishments.

Instruction 2-1 Unless instructed otherwise,compute hourly rate 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,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Carla Maloney is a waitress who regularly receives $80 each week in tips and works 40 hours each week.The minimum gross weekly pay,excluding tips,that the restaurant could pay Maloney without violating the FLSA is __________.

Instruction 2-1 Unless instructed otherwise,compute hourly rate 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,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Annette Henri is paid an hourly wage of $10.90 for a 32-hour workweek of 4 days,8 hours daily.For any work on the fifth day and on Saturdays,she is paid one and one-half times her regular hourly rate.During a certain week,in addition to her regular 32 hours,Henri worked 6 hours on the fifth day and 5 hours on Saturday.For this workweek,Henri's total earnings are __________.

Instruction 2-1 Unless instructed otherwise,compute hourly rate 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,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Stacy Forvour is a salaried employee who works fluctuating workweeks.She is paid $680 per workweek.This week,she worked 46 hours.Forvour's total gross pay if her employer uses the special half-rate (based on total hours worked)for overtime pay is __________.

A retail shop may employ a full-time student at $5.00 per hour.