PSB 2-8 Calculate Gross Pay with Bonuses
Calculate gross pay for each employee. All are paid overtime wage rates that are 1.5 times their respective regular wage rates.
NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
1:Neil Mitchell earns $11/hour. During the most recent week, he received a discretionary bonus of $7,200 and worked 43 hours.
Gross Pay: $
2:Francine Palmer earns $7.90/hour. During the most recent week, she received a nondiscretionary bonus of $2,450 and worked 45 hours.
Gross Pay: $
3:Martin Green earns $11.10/hour. During the most recent week, he received a nondiscretionary bonus of $1,360 and worked 51 hours.
Gross Pay: $
4:Melvin Waxman earns $17.60/hour. During the most recent week, he received a nondiscretionary bonus of $440 and worked 56 hours.
Gross Pay: $