At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly basis. All office workers are entitled to overtime pay for all hours workers
King, M. $148,200 per year 40 $145,350.00
Manera, E. $6,500 per month 40 $76,500.00
Tate, S. $3,900 per month 48 $45,900.00
Yee, L. $12.50 per hour 44½ $27,675.13
PLANT Diaz, R. $12.50 per hour 48 $14,778.96
Zagst, J. $14.50 per hour 52 $24,703.02
From the given information, we can calculate the overtime pay for each employee at Haddon, Inc. using the formula: Overtime Pay = Hourly Rate * Overtime Hours * Overtime Multiplier
First, let's identify the overtime multipliers:
- For employees paid annual or monthly, the overtime multiplier is 1.5.
- For employees paid hourly, the overtime multiplier is 1.
Now we can calculate the overtime pay for each employee:
King, M.
Hourly Rate: $148,200 / 52 weeks / 40 hours = $71.25
Overtime Pay: 0 (no overtime hours)
Manera, E.
Hourly Rate: $6,500 / 4 weeks / 40 hours = $40.63
Overtime Pay: 0 (no overtime hours)
Tate, S.
Hourly Rate: $3,900 / 4 weeks / 48 hours = $20.31
Overtime Pay: $20.31 * 8 * 1.5 = $243.75
Yee, L.
Overtime Pay: ($12.50 * (44.5 - 40)) * 1 = $27.50
Diaz, R.
Overtime Pay: 0 (no overtime hours)
Zagst, J.
Overtime Pay: 0 (no overtime hours)
Thus, the overtime pay for each employee at Haddon, Inc. is as follows:
- King, M.: $0
- Manera, E.: $0
- Tate, S.: $243.75
- Yee, L.: $27.50
- Diaz, R.: $0
- Zagst, J.: $0
To better understand the information provided, it seems like these are the details of several employees at Haddon, Inc., including their names, pay rates, number of hours worked, and corresponding earnings. Here is a breakdown of the information provided:
1. King, M.
- Annual Salary: $148,200
- Hours worked per week: 40
- Earnings: $145,350.00
2. Manera, E.
- Monthly Salary: $6,500
- Hours worked per week: 40
- Earnings: $76,500.00
3. Tate, S.
- Monthly Salary: $3,900
- Hours worked per week: 48
- Earnings: $45,900.00
4. Yee, L.
- Hourly Rate: $12.50
- Hours worked per week: 44.5
- Earnings: $27,675.13
5. Diaz, R. (Plant Worker)
- Hourly Rate: $12.50
- Hours worked per week: 48
- Earnings: $14,778.96
6. Zagst, J. (Plant Worker)
- Hourly Rate: $14.50
- Hours worked per week: 52
- Earnings: $24,703.02
Note: The given information does not mention overtime rates, so we are assuming regular pay rates for all hours worked.
Is there anything specific you would like to know or any further clarification you need?
To calculate the overtime pay for each employee, we need to understand the overtime rules at Haddon, Inc. According to the given information, all office workers are entitled to overtime pay for all hours worked.
Now, let's break down the calculation for each employee:
1. King, M.: The employee is paid $148,200 per year. Since the employee works for 40 hours per week, we can calculate their hourly rate by dividing the annual salary by the number of work hours in a year.
Hourly Rate = Annual Salary / (Number of Work Hours in a Year)
Hourly Rate = $148,200 / (40 hours/week * 52 weeks/year)
Hourly Rate = $71.25 per hour
The employee worked regular hours (40 hours), so there is no overtime pay. Therefore, the total pay for King, M. is $148,200.
2. Manera, E.: The employee is paid $6,500 per month for working 40 hours per week. To calculate the hourly rate, we need to convert the monthly salary to an annual salary first.
Annual Salary = Monthly Salary * 12
Annual Salary = $6,500 * 12
Annual Salary = $78,000
Next, we can calculate the hourly rate using the same formula as before:
Hourly Rate = Annual Salary / (Number of Work Hours in a Year)
Hourly Rate = $78,000 / (40 hours/week * 52 weeks/year)
Hourly Rate = $37.50 per hour
Since the employee worked regular hours (40 hours), there is no overtime pay. Therefore, the total pay for Manera, E. is $78,000.
3. Tate, S.: The employee is paid $3,900 per month for working 48 hours per week. Again, let's convert the monthly salary to an annual salary:
Annual Salary = Monthly Salary * 12
Annual Salary = $3,900 * 12
Annual Salary = $46,800
Calculating the hourly rate:
Hourly Rate = Annual Salary / (Number of Work Hours in a Year)
Hourly Rate = $46,800 / (48 hours/week * 52 weeks/year)
Hourly Rate = $18.75 per hour
The employee worked 48 hours, so there are 8 hours of overtime. Overtime pay is usually calculated at a rate of 1.5 times the regular hourly rate. So, the overtime pay for Tate, S. is:
Overtime Pay = Overtime Hours * Overtime Hourly Rate
Overtime Pay = 8 hours * ($18.75 * 1.5)
Overtime Pay = 8 hours * $28.125
Overtime Pay = $225
Therefore, the total pay for Tate, S. is $46,800 + $225 = $46,775.
4. Yee, L.: The employee is paid $12.50 per hour for working 44.5 hours. Since there is no information about the regular workweek, we will assume it is 40 hours like the other employees.
The employee worked regular hours (40 hours), so there is no overtime pay. Therefore, the total pay for Yee, L. is $12.50 * 44.5 = $556.25.
5. Diaz, R.: The employee is paid $12.50 per hour for working 48 hours. Again, there is no information about the regular workweek, so we will assume it is 40 hours.
The employee worked 8 hours of overtime. Therefore, the overtime pay for Diaz, R. is:
Overtime Pay = Overtime Hours * Overtime Hourly Rate
Overtime Pay = 8 hours * ($12.50 * 1.5)
Overtime Pay = 8 hours * $18.75
Overtime Pay = $150
Therefore, the total pay for Diaz, R. is $12.50 * 48 + $150 = $750.
6. Zagst, J.: The employee is paid $14.50 per hour for working 52 hours. Again, assuming the regular workweek is 40 hours:
The employee worked 12 hours of overtime. Therefore, the overtime pay for Zagst, J. is:
Overtime Pay = Overtime Hours * Overtime Hourly Rate
Overtime Pay = 12 hours * ($14.50 * 1.5)
Overtime Pay = 12 hours * $21.75
Overtime Pay = $261
Therefore, the total pay for Zagst, J. is $14.50 * 52 + $261 = $959.
So, to summarize:
- King, M.: Total pay is $148,200.
- Manera, E.: Total pay is $78,000.
- Tate, S.: Total pay is $46,775.
- Yee, L.: Total pay is $556.25.
- Diaz, R.: Total pay is $750.
- Zagst, J.: Total pay is $959.
Please note that I have assumed a regular workweek of 40 hours for calculating overtime pay for employees where it was not explicitly mentioned.