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

Mark Meninger        Hourly pay $15.75 per hour

Shift

Hourly Pay rate (per hour)

Sun

Mon

Tues

Wed

Thurs

Fri

Sat

Total

Overtime

Net Hours

Pay

Days

$15.75

8

8.5

16.5

3.5

13

$204.75

Afternoon

$16.72

6

7

13

0

13

$217.36

Midnights

$17.32

10

8

18

0

18

$311.76

Total Hours Worked/ Total Pay

47.5

Overtime hours in excess of 44 hours as per Ontario Labour standards

3.5

Overtime Pay = Overtime rate (1.5 of normal rate i.e. $ 23.625) x ovetime hours

$        82.69

$     82.69

Gross Earning for the period

$816.56

Kayla Klaussen         Hourly pay $18.25 per hour

Shift

Hourly Pay rate (per hour)

Sun

Mon

Tues

Wed

Thurs

Fri

Sat

Total

Overtime

Net Hours

Pay

Days

$          18.25

9

8

17

4

13

$237.25

Afternoon

$          19.22

6

5

11

0

11

$211.42

Midnights

$          19.82

10

10

20

0

20

$396.40

Total Hours Worked/ Total Pay

48

Overtime hours in excess of 44 hours as per Ontario Labour standards

4

Overtime Pay = Overtime rate (1.5 of normal rate i.e. $ 23.625) x ovetime hours

$        94.50

$     94.50

Gross Earning for the period

$939.57

Doug Dryden             Hourly pay $16.50 per hour

Shift

Hourly Pay rate (per hour)

Sun

Mon

Tues

Wed

Thurs

Fri

Sat

Total

Overtime

Net Hours

Pay

Days

$          16.50

8

9

17

4

13

$214.50

Afternoon

$          17.47

7

5

12

0

12

$209.64

Midnights

$          18.07

9

10

19

0

19

$343.33

Total Hours Worked/ Total Pay

48

Overtime hours in excess of 44 hours as per Ontario Labour standards

4

Overtime Pay = Overtime rate (1.5 of normal rate i.e. $ 23.625) x ovetime hours

$        94.50

$     94.50

Gross Earning for the period

$861.97

Taylor Tuffin             Hourly pay $16.25 per hour

Shift

Hourly Pay rate (per hour)

Sun

Mon

Tues

Wed

Thurs

Fri

Sat

Total

Overtime

Net Hours

Pay

Days

16.25

6.5

7.5

14

8

6

$97.50

Afternoon

17.22

8.5

9.5

18

0

18

$309.96

Midnights

17.82

10

10

20

0

20

$356.40

Total Hours Worked/ Total Pay

52

Overtime hours in excess of 44 hours as per Ontario Labour standards

8

Overtime Pay = Overtime rate (1.5 of normal rate i.e. $ 23.625) x ovetime hours

$      189.00

$ 189.00

Gross Earning for the period

$952.86


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