1.1)Calculate employee net salary for the week

Q: Social security based on 6.2%

A: Gross pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by an…

Q: A Payroll consists of Basic Pay, Allowances, Gross Salary, Deductions and Net Salary.  The…

A: Allowance is the part of the salary that is provided by the employer to their employees to meet the…

Q: Compute payroll An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40…

A: Lets understand the basics.Gross pay for an employee means a pay which is totalling normal pay plus…

Q: Assume an employee has a gross pay of $500 and vacation pay is paid out at 4%. How much extra gross…

A: Lets understand the basics.Vacation pay is payable to employee over and above gross pay when…

Q: mployee earnings records for Oriole Company reveal the following gross earnings for four employees…

A: FICA:FICA= Federal insurance contribution actThe federal insurance contribution act is a known as…

Q: An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Formula: Net Pay = Gross pay - Total deductions Deductions are to be subtracted  from Gross pay to…

Q: Particulars Amount Salary for the month dd: Allowences sice Alowence Clothing Allowence 33,000 300…

A: Gross taxable income is income without non taxable allowances and other non taxable income.

Q: The balance in the prepaid rent account before adjustment at the end of the year is $12,000, which…

A: Assets has debit balance and liabilities has credit balance. To increase Assets one should debit the…

Q: Calculate gross earnings for an hourly employee who is classified as a tipped employee. The employee…

A: Gross earnings refers to the total earnings or income an individual receives before any deductions…

Q: 10. The following information is for Grimsley Electrical Supplies Inc. payroll for the week ending…

A: Payroll Payroll is considered to be important in the business which can be timely payment is…

Q: o 4-9 years old: o Over 9 years old; vacation paid vacation paid 2 times wages 3 times wages…

A: Bonus Payment Bonus payment which was allowed by the company in yearly basis which are provided…

Q: Next Question Find the overtime rate, the amount of earnings at regular pay, the amount at overtime…

A: Overtime Rate: A set rate of remuneration for time spent working more than the regular working…

Q: A managerial employee received the following remunerations: Gross salaries, net of SSS, PHIC and HDM…

A: Taxable compensation is the basis on which the tax liability is calculated by the tax authorities.

Q: F & B Company pays time and a half for hours in excess of 40 hours per week. An individual is paid…

A: Overtime wages indicates the additional pay to the employee for working additional hours in excess…

Q: est Company has nine employees. FICA Social Security taxes are 6.2% of the first $132,900 paid to…

A: Computation of each total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA…

Q: An employee earns $22 per hour and 2 times that rate for all hours in excess of 40 hours per week.…

A: The complete compensation an employee receives from their employer before any deductions is referred…

Q: Compute Payroll An employee earns $20 per hour and 1.75 times that rate for all hours in excess of…

A:

Q: Background: M & D Contractors has numerous employees who are paid on a weekly basis. Payroll…

A:

Q: An employee has a gross monthly salary of $1,000. In September the tax deducted was $200, the…

A: The income statement is the one in which all the revenues and expenses of the company are reported…

Q: An employee had $20,300 in gross earnings up to September 20, 2021. She has the following…

A: Payroll refers to the total compensation that is paid to employees of the company by the employer.…

Q: The last weekly payroll of Availble Temp Services was $35,110.00 for 55 employees. The company pays…

A: The following computations are done for Available temp Services to calculate the total cost fringe…

Q: E3-12 Employees' earnings and taxes.A weekly payroll summary made from labor time records shows the…

A: A.

Q: Instructions Nakajima Company provides its employees with vacation benefits and a defined…

A: Step 1: Figure Out What It Will Cost: Find the costs associated with pension benefits and vacation…

Q: An employee receives an hourly wage rate of $21, with time and a half for all hours worked in excess…

A: Gross pay is the total wages paid to the employee without any deductions whereas net pay is the…

Q: An employee earns $16 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: a. Gross pay = Normal pay + Overtime pay = $16*40 + 1.5* $16* (55-40)Gross pay = $640 + $560 Gross…

Q: a. Determine the gross pay for the week. b. Determine the net pay for the week.

A: a. Compute gross pay for the week.

Q: The following date for Presco Inc. relate to the payroll for the week ended February 9: Employee…

A: A's overtime=Hours worked-Hours per week=52-40=12 hours

Q: An employer uses a final pay formula to determine retirement payouts to its employees. The annual…

A: 1) Average salary (S) = $54000 Years worked (y) = 17

Q: An employee has total gross wages of $7,000, federal withholding of 15% and state withholding of 5%.…

A: Every Employer should pay the wages to its employees after deduction of Federal withholding, State…

Q: 14) An employer has computed the following amounts for its employee Mary during a week in January:…

A: Given in the question: Gross Wages $500.00 FNPF  $80.00 LICI  $50.00 PAYE…