Solved

Instruction 3-1 *Employee HI: Plus an Additional 0

Question 39

Essay

Instruction 3-1 Instruction 3-1   *Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to self-employed.  Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follows:  1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimals places (round the hourly rate to 2 decimal places      before multiplying by one and one-half to determine the overtime rate).  2. If the third decimal place is 5 or more, round to the next higher cent.  3. If the third decimal place is less than 5, drop the third decimal place.  Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.  Refer to Instruction  3-1 . Dee is paid $2,345 on November 8, 20--. Dee had cumulative gross earnings, including overtime pay, of $131,600 prior to this pay.    *Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to self-employed.
Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follows:
1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimals places (round the hourly rate to 2 decimal places
    before multiplying by one and one-half to determine the overtime rate).
2. If the third decimal place is 5 or more, round to the next higher cent.
3. If the third decimal place is less than 5, drop the third decimal place.
Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.
Refer to Instruction  3-1 . Dee is paid $2,345 on November 8, 20--. Dee had cumulative gross earnings, including overtime pay, of $131,600 prior to this pay.
Instruction 3-1   *Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to self-employed.  Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follows:  1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimals places (round the hourly rate to 2 decimal places      before multiplying by one and one-half to determine the overtime rate).  2. If the third decimal place is 5 or more, round to the next higher cent.  3. If the third decimal place is less than 5, drop the third decimal place.  Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.  Refer to Instruction  3-1 . Dee is paid $2,345 on November 8, 20--. Dee had cumulative gross earnings, including overtime pay, of $131,600 prior to this pay.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions