A Tampa hourly carpenter earns $31 per hour, works 40 regular hours, and works 5 overtime hours at time-and-a-half. What gross wages should be recorded?
Correct Answer
B) $1,472.50
Regular pay is $1,240 and overtime pay is $232.50, for total gross wages of $1,472.50.
Why This Is the Correct Answer
Regular pay is $1,240 and overtime pay is $232.50, for total gross wages of $1,472.50.
Why the Other Options Are Wrong
Option A: $1,395.00
$1,395.00 is below the supported result for overtime wages; it likely skips a premium-pay or employer-cost component.
Option C: $1,550.00
$1,550.00 is above the supported result for overtime wages; it likely pays the wrong premium tier or counts the same hours twice.
Option D: $1,627.50
$1,627.50 is above the supported result for overtime wages; it likely pays the wrong premium tier or counts the same hours twice.
Memory Technique
Who controlled regular, who paid pay, where is the Field Payroll record?
Reference Hint
Open-book path: tab Builder's Guide to Accounting, 2001 to Section Two, Payroll Accounting, Time Cards and Payroll Checks; use the job ledger figures in the stem and recompute the same accounting measure.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?
People Also Study
Related Study Resources
Previous Question
The Cape Coral startup is setting up unemployment tax account for payroll. Which tax/agency setup record should be opened?
Next Question
A Bonita Springs trade material has a 21-day lead time and must be installed on project day 35. What latest release day keeps the activity supplied?