In: Accounting
February 12 is the end of the first pay period for Prevosti Farms and Sugarhouse and includes work completed during the week of February 8–12. Compute the employee gross pay using 35 hours as the standard workweek for all employees except Mary Shangraw, who works 20 hours per week and receives overtime for any time worked past that point. The other hourly employees receive overtime pay when they work more than 35 hours in one week. Joel Schwartz has made $5,000 in case sales at a 3% commission rate during this pay period. Remember that the employees are paid biweekly. The first day of work for Prevosti Farms and Sugarhouse for all employees is February 8, 2016. Note that the first pay period comprises only one week of work, but the pay frequency for federal income tax purposes is biweekly.
The hours for the nonexempt employees are as follows:
Name | Hourly rate | Hours
worked 2/8–2/12 |
||||
Towle | $ | 12.00 | 35 hours | |||
Long | $ | 12.50 | 40 hours | |||
Shangraw | $ | 10.50 | 21 hours | |||
Success (You) | $ | 34,000/year | 35 hours |
Complete the payroll register for the period's pay. Pay will be disbursed on February 15, 2016 starting with check number 6628. Ensure to input an hourly rate for each employee (including those that are salaried) that is rounded to 5 decimal places.