An hourly finisher earns $29.50 per hour, works 39 regular hours, and works 6 overtime hours at time-and-a-half. What gross wages should be recorded?
Correct Answer
D) $1,416.00
Regular pay is $1,150.50 and overtime pay is $265.50, totaling $1,416.00.
Why This Is the Correct Answer
Regular pay is $1,150.50 and overtime pay is $265.50, totaling $1,416.00.
Why the Other Options Are Wrong
Option A: $1,327.50
$1,327.50 is below the supported result for overtime wages; it likely skips a premium-pay or employer-cost component.
Option B: $1,372.50
$1,372.50 is below the supported result for overtime wages; it likely skips a premium-pay or employer-cost component.
Option C: $1,548.75
$1,548.75 is above the supported result for overtime wages; it likely pays the wrong premium tier or counts the same hours twice.
Memory Technique
Overtime Wages ladder for Payroll Timecard: hours climb before dollars add up.
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.
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