Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 118

Find the number of regular hours and the overtime hours (any hours over 40) for each employee. Then calculate the overtime rate (time and a half) for each employee. (See Examples.)
Completing a Payroll Ledger
Sarah Brynski is doing the payroll for two employees, Nelson and Orr. She must first complete a payroll ledger.
SOLUTION
CASE IN POINT First, find the total number of hours worked by each person.

Then multiply the number of hours worked by the rate per hour to find the gross earnings.

The payroll ledger can now be completed.
Completing a Payroll Ledger with Overtime
Complete the following payroll ledger.
SOLUTION

Both employees worked more than 40 hours. Gross earnings at the regular rate can now be found as discussed earlier. Lanier earned 40 × $8.30 = $332 at the regular rate, and Morse earned 40 × $9.48 = $379.20 at the regular rate. To find overtime earnings, first find the number of overtime hours worked by each employee.

The regular rate given for each employee can be used to find the time-and-a-half rate.