Question

In: Accounting

You are preparing the weekly payroll for the week ending March 10th. There are four employees...

You are preparing the weekly payroll for the week ending March 10th. There are four employees and their timecards along with a summary of deductions/benefits are listed below. Overtime is calculated based on Ontario Labour standards. Shift premium is $.97 per hour for afternoons and $1.57 per hour for midnights.

Using the timecards below, calculate the number of hours paid at the regular time, overtime and shift premium hours. Once you have that information calculate their gross earnings for the period. Please show me all your work for full marks.

                       

Mark Meninger        Hourly pay $15.75 per hour

Shift

Sun

Mon

Tues

Wed

Thurs

Fri

Sat

Days

8

8.5

Afternoon

6

7

Midnights

10

8

Kayla Klaussen         Hourly pay $18.25 per hour

Shift

Sun

Mon

Tues

Wed

Thurs

Fri

Sat

Days

9

8

Afternoon

6

5

Midnights

10

10

Doug Dryden             Hourly pay $16.50 per hour

Shift

Sun

Mon

Tues

Wed

Thurs

Fri

Sat

Days

8

9

Afternoon

7

5

Midnights

9

10

Taylor Tuffin             Hourly pay $16.25 per hour

Shift

Sun

Mon

Tues

Wed

Thurs

Fri

Sat

Days

6.5

7.5

Afternoon

8.5

9.5

Midnights

10

10

Solutions

Expert Solution

Answer,

Calculation of Gross Earnings
                                                          (1)                                                           (2)                                                           (3)                                                           (4)                                             (5)                                                                                                  (6)                                                     (7)                                                                               (8) (9)   Shift Premium($)     Gross Earnings($) (7)+(8)+(9)
Name of Employees Total Hours Worked in a Week Over Time Hours Worked Afternoon worked Hours Midnights Worked Hours Regular Pay Per Hour($) Overtime pay per hour(1.5 Times of Regular pay) Regular Pay($) Overtime Pay(Ontario Labour Standard) Afternoon (3) * 0.97$ Midnights (4) * 1.57$
Mark Meninger 47.5 3.5 ( 47.5 - 44) 13 18 15.75 23.62   (1.5*15.75) 748.125   (47.5 Hours*15.75) 82.6875(3.5 Hours*23.62) 12.61 28.26                                               871.68
Kayla Klaussen 48 4 (48-44) 11 20 18.25 27.375 (1.5*18.25) 876 (48 Hours*18.25) 109.5 (4 Hours*27.375) 10.67 31.4                                           1,027.57
Dough Dryden 48 4 (48-44) 12 19 16.5 24.75 (1.5*16.5) 792 (48 Hours*16.5) 99 (4 Hours*24.75) 11.64 29.83                                               932.47
Taylor Tuffin 52 8 (52-44) 18 20 16.25 24.375 (1.5*16.25) 845 (52 Hours*16.25) 195 (8 Hours*24.375) 17.46 31.4                                           1,088.86
Note:-
1.The Ontario Employment Standards Act requires employers to pay an employee overtime pay of at least one and one-half (1½) times the employee's regular rate for each hour worked in excess of 44 hours per week

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