Question
Rounding Instruction
Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places.
Charles Geiger is a salaried employee who works fluctuating workweeks. He is paid $1,520 per workweek. This week, he worked 50 hours. Determine Geiger’s total gross pay if his employer uses the special half-rate (based on total hours worked) for overtime pay.
Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places.
Charles Geiger is a salaried employee who works fluctuating workweeks. He is paid $1,520 per workweek. This week, he worked 50 hours. Determine Geiger’s total gross pay if his employer uses the special half-rate (based on total hours worked) for overtime pay.
A $1,642
B $1,670
C $1,672
D $1,762
This question is taken from Accounting 18 – Computerized Payroll Accounting » Spring 2021 » Achievement Test 2
