Reference no: EM132684861

Question - Calculate gross pay for each of the following employees of Launchpad Co. The company offers a regular wage rate of $8.20/hour to all employees. Under an incentive plan in place for all employees, this rate increases for any employee who can meet weekly production goals. The increased rates and corresponding thresholds that must be met are as follows:

$9.40/hour for producing at least 2,000 units

$10.60/hour for producing at least 2,800 units

$11.80/hour for producing at least 3,700 units

$13/hour for producing at least 4,700 units

All employees are paid an overtime wage rate that is 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: Bronson Chau worked 46 hours and produced 2,460 units.

2: Pauline Myers worked 46 hours and produced 5,340 units.

3: Angela Smith worked 55 hours and produced 3,090 units.

4: Angelo Balducci worked 47 hours and produced 4,790 units.