Payroll Accounting
Payroll Accounting
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2-1A LO 1.
Carson Beck works at the local Worst Buy Shop. As a full-time student at the local university, he is being paid an hourly rate of $4.20 an hour. One week, Beck worked 37 hours.
- Beck’s earnings for the week are
- Is the hourly rate in violation of the FLSA? Explain.
- If the hourly rate in violation of the FLSA, the amount the shop should pay Beck is ………….$
2-3A LO 4.
The hours worked and the hourly wage rates for five employees of Kagan Company for the week ended September 9 follow.
- For each employee, compute the gross earnings.
- Compute the total gross earnings for all employees.
| Employee | Hours Worked | Regular Hourly Wage Rate | (A) Gross Earnings |
| Darley, R | 38 | $9.70 | $ |
| Waxman, B | 40 | $8.35 | $ |
| Isaac, J | 37 | $9.00 | $ |
| Bruner, H | 40 | $7.75 | $ |
| Kellogg, P | 32 1/2 | $8.40 | $ |
| (B)Total gross earnings | $ |
The wages and hours information for five employees of McNeese Enterprises for the week ended July 8 is given below. Employees work a standard 40-hour workweek and are paid time and one-half for all hours over 40 in each workweek.
- For each employee, compute the regular earnings, overtime rate, overtime earnings, and total gross earnings.
- Compute the total gross earnings for all employees.
| Employee | Hours Worked | Regular Hourly Wage Rate | Regular Earnings | Overtime Rate | Overtime Earnings | Total Gross Earnings |
| Carman, T. | 47 | $9.45 | ||||
| Galasso, A. | 42 | $11.90 | ||||
| Jones, B | 48 | $8.85 | ||||
| Rodna, G. | 44 | $8.25 | ||||
| Wilson, W. | 45 1/2 | 7.40 | ||||
| (B)Total Gross Earnings | $ |
2-7A LO 2.
John Porter is an hourly employee of Motter Company located in New York City. This week, Porter had to travel to the company’s regional office in Albany. He left Sunday at noon and arrived in Albany at 3:00 p.m. During the week, he worked his normal 40 hours in the Albany office (Monday through Friday—9 a.m. to 5 p.m.). In addition, he attended the company’s 4-hour work training session on Wednesday evening. Porter’s hourly rate of pay is $14.80 per hour.
- Porter’s overtime earning for the week are……
- Porter’s total earnings for week are …..
2-18A LO 5.
During the first week in November, Erin Mills worked 45½ hours and produced 1,275 units under a piece-rate system. The regular piece rate is $0.35 a unit. Mills is paid overtime according to the FLSA ruling for overtime work under a piece-rate system. Compute:
- The piecework earnings……
- The regular hourly rate……$
The overtime hourly rate……..$
- The overtime earnings……………..$
- The total earnings…………………….$
