Scoot rentals pays employees an hourly wage or a salary

Assignment Help Accounting Basics

Reference no: EM13606225

Scoot Rentals pays employees an hourly wage or a salary plus commission based on rental revenue. Hourly wage employees can earn overtime. The overtime rate for hours worked over 40 in a week is 1 1/2 times more that the regular hourly rate of pay.

Instructions:
For each of the following employees, determine the total gross pay for the pay period.

John
Earns an hourly wage of $7.20
Worked 45 hours this week

Stan
Receives a salary of $300 per week, plus a 2% commission on rental revenue
Had rental revenue of $760 this week

Ryan
Earns an hourly wage of $8.50
Worked 40 hours this week

Janice
Receives a salary of $200 per week plus 2% commission
Had rental revenue of $1,235 this week.

Reference no: EM13606225

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