Question: Preparing payroll time cards
Employee time cards are given in the Working Papers.
Instructions: 1. Calculate the regular, overtime, and total hours worked by each employee. Any hours over the regular 8-hour day are considered overtime. Record the hours on the time cards.
2. Determine the regular, overtime, and total earnings for each employee. The overtime rate is 11 ⁄2 times the regular rate. Complete the time cards.