Superb Professors

1. Payroll Register This is the first task to completing Olney Company’s payroll register. Complete the steps outlined below: 1. Record the regular hours and the overtime hours worked for each employee, using the time clerk’s report as your reference. 2. Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount). For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked. 3. Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings. If an amount box does not require an entry, leave it blank or enter “0”. If required, round your intermediate calculations to the nearest cent and use the rounded amounts in subsequent computations. Round fraction values to the nearest two decimal places, e.g. 1 1/2 to 1.50. OLNEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20 —

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