1.5 payroll - 1.5 Payroll PAYROLL 3 Main Methods of Pay:...

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1.5 Payroll
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PAYROLL 3 Main Methods of Pay : Hourly Wages Salary Commission HOURLY WAGES For hourly rated workers Overtime : For working more than a certain amount of hours (usually 44hrs/wk) For statutory holidays (New Year’s, Good Friday, Canada Day, Labour Day, Thanksgiving, Christmas and Boxing Day) GROSS EARNINGS = # HOURS × HOURLY RATE + OVERTIME
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Mon Tues Wed Thurs Fri Sat Sun Tot x Pay Reg Hours Wk day OT Hours Wk end OT Hours 8 8 1 8 8 2 8 6 40 3 6 Ex #1 : Kim Jones earns $10 per hour. Overtime from Monday to Friday is paid at time and one-half for any hours over 8 per day. All weekend hours are paid at double the regular rate of pay. Last week Kim worked regular hours on Monday, Wednesday and Friday, 9 hours on Tuesday, 10 hours on Thursday and 6 hours on Saturday. Determine Kim’s gross wages. Gross Wages = Reg Hours ($10) Wk day OT Hours ($15) Wk end OT Hours ($20) 400 45 120 400 + 45 +120= $565.00
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1.5 payroll - 1.5 Payroll PAYROLL 3 Main Methods of Pay:...

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