Gabriel receives an annual salary of $74,300; he is paid monthly, and his regular workweek is 38 hours. a) Calculate his regular pay per payment period. $ b) Calculate his hourly rate of pay. $ c) If his overtime rate is double the regular pay, calculate the overtime rate of pay. d) What is Gabriel's gross pay for a pay period in which he worked 13 hours overtime at double regular pay? $

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter3: Accounting For Labor
Section: Chapter Questions
Problem 16E
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Gabriel receives an annual salary of $74,300;
he is paid monthly, and his regular workweek
is 38 hours.
a) Calculate his regular pay per payment
period. $
b) Calculate his hourly rate of pay. $
c) If his overtime rate is double the regular
pay, calculate the overtime rate of pay.
$
d) What is Gabriel's gross pay for a pay period
in which he worked 13 hours overtime at
double regular pay? $
Transcribed Image Text:Gabriel receives an annual salary of $74,300; he is paid monthly, and his regular workweek is 38 hours. a) Calculate his regular pay per payment period. $ b) Calculate his hourly rate of pay. $ c) If his overtime rate is double the regular pay, calculate the overtime rate of pay. $ d) What is Gabriel's gross pay for a pay period in which he worked 13 hours overtime at double regular pay? $
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