In this chapter, the learning objectives are: Define, compare, and contrast weekly, biweekly, semimonthly, and monthly pay periods; calculate gross pay with overtime on the basis of time; calculate gross pay for piecework, differential pay schedule, straight commission with draw, variable commission scale, and salary plus commission;. | Chapter Nine Payroll Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Learning unit objectives LU 9-1: Calculating Various Types of Employees’ Gross Pay Define, compare, and contrast weekly, biweekly, semimonthly, and monthly pay periods. Calculate gross pay with overtime on the basis of time. Calculate gross pay for piecework, differential pay schedule, straight commission with draw, variable commission scale, and salary plus commission. Prepare and explain the parts of a payroll register. Explain and calculate federal and state unemployment taxes. LU 9-2: Computing Payroll Deductions for Employees’ Pay; Employers’ Responsibilities 2 Payroll Cycles 3 Hourly Rate of Pay; Calculation of Overtime Gross pay = Hourly overtime pay rate = Earnings for 40 hours + Earnings at time-and-a-half rate Hours employee worked x Rate per hour Regular hourly pay rate x Gross pay = 4 Hourly Rate of Pay; Calculation of Overtime Employee M T W Th F S . | Chapter Nine Payroll Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Learning unit objectives LU 9-1: Calculating Various Types of Employees’ Gross Pay Define, compare, and contrast weekly, biweekly, semimonthly, and monthly pay periods. Calculate gross pay with overtime on the basis of time. Calculate gross pay for piecework, differential pay schedule, straight commission with draw, variable commission scale, and salary plus commission. Prepare and explain the parts of a payroll register. Explain and calculate federal and state unemployment taxes. LU 9-2: Computing Payroll Deductions for Employees’ Pay; Employers’ Responsibilities 2 Payroll Cycles 3 Hourly Rate of Pay; Calculation of Overtime Gross pay = Hourly overtime pay rate = Earnings for 40 hours + Earnings at time-and-a-half rate Hours employee worked x Rate per hour Regular hourly pay rate x Gross pay = 4 Hourly Rate of Pay; Calculation of Overtime Employee M T W Th F S Total R Valdez 13 10 8 *Rate is $ per hour. Hourly overtime pay rate = Gross pay = (40 hours x $9) + ( hours x ) $360 + $ = $ – 40 = overtime hours $9 x = overtime rate Regular hourly pay rate x Earnings for 40 hours + Earnings at time-and-a-half rate 5 Straight Piece Rate Pay Gross pay = Number of units produced x Rate per unit Ryan Foss produced 900 dolls. He is paid $.96 per doll. Calculate his gross pay. 900 x $.96 = $ Example: 6 Differential Pay Schedule Gross pay = Number of units produced x Various rates per unit Logan Company pays Abby Rogers on the basis of the following schedule: Last week Abby produced 300 dolls. What is Abby’s gross pay? (50 x $.50) +(100 x $.62)+(50 x $.75) + (100 x $) = $ Example: 7 Straight Commission with Draw Commission is a certain percentage of the amount a salesperson sells. Draw is an advance on the salesperson’s commission. Logan Company pays Jackie Okamoto a straight
