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Calculate gross pay for each of the following employees of Launchpad Co. The company offers a...

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Accounting

Calculate gross pay for each of the following employees ofLaunchpad Co. The company offers a regular wage rate of $8.20/hourto all employees. Under an incentive plan in place for allemployees, this rate increases for any employee who can meet weeklyproduction goals. The increased rates and corresponding thresholdsthat must be met are as follows: $9.40/hour for producing at least2,000 units $10.60/hour for producing at least 2,800 units$11.80/hour for producing at least 3,700 units $13/hour forproducing at least 4,700 units All employees are paid an overtimewage 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 decimalplaces at each calculation.

1:Bronson Chau worked 42 hours and produced 1,870 units. GrossPay = $

2:Pauline Myers worked 42 hours and produced 3,650 units. GrossPay = $

3:Angela Smith worked 52 hours and produced 2,160 units. GrossPay = $

4:Angelo Balducci worked 47 hours and produced 4,790 units.Gross Pay = $

Answer & Explanation Solved by verified expert
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Answer Employees wil get Overtime pay if they are worked more than 40 hours per week As per Fair Labour Standards Act Overtime wage rate that is 15 times their respective regular wage rates 1Bronson Chau Hours worked 42 Unit Produced 1870 Since Bronson Chau produced less    See Answer
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