Question : Short Answer Questions 67.During one week, three employees of the Snowshoe : 1220454

Short Answer Questions

67.During one week, three employees of the Snowshoe Lodge worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee.    

Employee No. 1: Reg. Earn., $480.00; OT Earnings., $108.00; Gross, $588.00Employee No. 2: Reg. Earn., $360.00; OT Earnings., $54.00; Gross, $414.00Employee No. 3: Reg. Earn., $340.00; OT Earnings., $63.75; Gross, $403.75Feedback: Employee No. 1: $12 * 40 hours = $480; $18($12 * 1.5) * 6 = $108; $480 + $108 = $588Employee No. 2: $9 * 40 hours = $360; $13.50($9 * 1.5) * 4 = $54; $360 + $54 = $414Employee No. 3: $8.50 * 40 hours = $340; $12.75($8.50 * 1.5) * 5 = $63.75; $340 + $63.75 = $403.75

68.During one week, three employees of the Tea Leaf Cafe worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee.    

Employee No. 1: Reg. Earn., $520.00; OT Earnings., $117.00; Gross, $637.00Employee No. 2: Reg. Earn., $440.00; OT Earnings., $66.00; Gross, $506.00Employee No. 3: Reg. Earn., $360.00; OT Earnings., $67.50; Gross, $427.50Feedback: Employee No. 1: $13 * 40 hours = $520; $19.50($13 * 1.5) * 6 = $117; $520 + $117 = $637Employee No. 2: $11 * 40 hours = $440; $16.50($11 * 1.5) * 4 = $66; $440 + $66 = $506Employee No. 3: $9 * 40 hours = $360; $13.50($9 * 1.5) * 5 = $67.50; $360 + $67.50 = $427.50

69.During one week, three employees of the Pampered Pooch Pet Salon worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee.    

Employee No. 1: Reg. Earn., $960.00; OT Earnings., $216.00; Gross, $1,176.00Employee No. 2: Reg. Earn., $720.00; OT Earnings., $108.00; Gross, $828.00Employee No. 3: Reg. Earn., $680.00; OT Earnings., $127.50; Gross, $807.50Feedback: Employee No. 1: $24 * 40 hours = $960; $36($24 * 1.5) * 6 = $216; $960 + $216 = $1,176Employee No. 2: $18 * 40 hours = $720; $27($18 * 1.5) * 4 = $108; $720 + $108 = $828Employee No. 3: $17 * 40 hours = $680; $25.50($17.50 * 1.5) * 5 = $127.50; $680 + $127.50 = $807.50

70.During one week, three employees of the Siesta Inn worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee.    

Employee No. 1: Reg. Earn., $560.00; OT Earnings., $126.00; Gross, $686.00Employee No. 2: Reg. Earn., $480.00; OT Earnings., $72.00; Gross, $552.00Employee No. 3: Reg. Earn., $400.00; OT Earnings., $75.00; Gross, $475.00Feedback: Employee No. 1: $14 * 40 hours = $560; $21($14 * 1.5) * 6 = $126; $560 + $126 = $686Employee No. 2: $12 * 40 hours = $480; $18($12 * 1.5) * 4 = $72; $480 + $72 = $552Employee No. 3: $10 * 40 hours = $400; $15($10 * 1.5) * 5 = $75; $400 + $75 = $475

71.The monthly salaries for December and the year-to-date earnings as of November 30 for the three employees of the Lakeview Medical Center are listed below. Compute the amount of social security tax and Medicare tax to be withheld from each of the employee’s gross pay for December. Assume a 6.2 percent social security tax rate and a base of $113,700 for the calendar year. Assume a 1.45 percent Medicare tax rate.    

Employee No. 1: Soc. Sec. Tax, $465.00; Medicare Tax, $108.75Employee No. 2: Soc. Sec. Tax, zero; Medicare Tax, $130.05Employee No. 3: Soc. Sec. Tax, $328.60; Medicare Tax, $123.25Feedback: Employee No. 1: $7,500 * .062 = $465; $7,500 * .0145 = $108.75Employee No. 2: $0 (maximum reached); $9,000 * .0145 = $130.05Employee No. 3: ($113,700 – $108,400) * .062 = $328.60; $8,500 * .0145 = $123.25