(The chart included is figure 3) Rick Davis, an employee of ABC Motors, worked 42 hours during the week of September 12 through 18. His rate of pay is $30.9 per hour, and he receives time-and-a-half for work inexcess of 40 hours per week. Rick is married and claims zero allowances on his W-4 form. Rick's YTD earnings before this pay period are $47,485, and his wages are subject to thefollowing deductions:a. Federal income tax (use the table in Figure 3).b. Social Security tax at 6.2 percent, with a wage limit of $118,500.c. Medicare tax at 1.45 percent.d. Medical insurance premium (after tax), $76.e. United Way contribution, $30.Compute Rick's regular pay.Compute Rick's overtime pay. If required, round intermediate calculations and the final answer to the nearest cent and use the rounded answers in subsequent computations.Compute Rick's gross pay. If required, round intermediate calculations and the final answer to the nearest cent and use the rounded answers in subsequent computations.Compute Rick's net pay. If required, round intermediate calculations to the nearest cent and use them in subsequent computations. Round final answer to the nearest cent. 177732122 84998 38808 2008年 05544 2286號 28088 23582 88888 Hua W2380 82330 88331 1311444818 8 8646 6884 KEERY SEEN NN NN0000 00000 08414489023964 615 328 329 NEMEN NO ANO NOVA NOOO ooooo ooooo ooooo 0011142卡卡888 22882 88848 G288號 88444 44444 4882 4801 00000 00000 00000 00000 0000084888 NUNG NOONG NHO NO NOoo ooooo ooooo ooooo ooooo ooooo ooooo 083446728028 BENOG FONO CONOWN-0 00000 ooooo ooooo ooooo ooooo ooooo 0000000000.0021266 56OON BRAWN 0000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00go 00000 00000 ooooo ooooo ooooo ooooo ooooo ooooo ooooo ooooo oooo0 ONS 6749go ooooo ooooo ooooo ooooo ooooo ooooo ooooo ooooo ooooo ooooo ooooo ooo00 0000-go ooooo ooooo ooooo ooo oo ooooo ooooo ooooo ooooo ooooo ooooo 00000 00000 00000go ooooo ooooo ooooo ooooo ooooo ooooo ooooo ooo oo ooooo ooooo 00000 00000 00000At leastAnd the wages are-The iBut less0 12345And the number of withholding allowances claimed istax to be withheld is-78 9(For Wages Pald through December 31, 20-)MARRIED Persons-WEEKLY Payroll Period

Net pay means take-home pay or the amount employees earn after all payroll deductions are subtracted…

Answered: 790 800 77 65 53 42 32 24 16 69 0

Business

Accounting

790 800 77 65 53 42 32 24 16 69 0

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 5PB

See similar textbooks

Similar questions

Jody Baush is a salaried employee who normally works a 35-hour week and is paid a weekly salary of 735.00. The agreement that he has with his employer states that his salary is to cover all hours worked up to and including 40. This week, Baush worked 42 hours. Calculate his gross pay. Gross pay_________
Rick Davis, an employee of ABC Motors, worked 42 hours during the week of September 12 through 18. His rate of pay is $30.1 per hour, and he receives time-and-a-half for work in excess of 40 hours per week. Rick is married and claims zero allowances on his W-4 form. Rick's YTD earnings before this pay period are $47,265, and his wages are subject to the following deductions: a. Federal income tax (use the table in Figure 3). b. Social Security tax at 6.2 percent, with a wage limit of $118,500. c. Medicare tax at 1.45 percent. d. Medical insurance premium (after tax), $71. e. United Way contribution, $21. Compute Rick's regular pay. 1,204 Compute Rick's overtime pay. If required, round intermediate calculations and the final answer to the nearest cent and use the rounded answers in subsequent computations.. 90.3 Compute Rick's gross pay. If required, round intermediate calculations and the final answer to the nearest cent and use the rounded answers in subsequent computations. 1,294.3…
Lenny Florita, an unmarried employee, works 50 hours in the week ended January 12. His pay rate is $11 per hour, and his wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. He claims two withholding allowances. Compute his regular pay, overtime pay (for this company, workers earn 150% of their regular rate for hours in excess of 40 per week), and gross pay. Then compute his FICA tax deduction (use 6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from 2nd image .), total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.)
Jennifer Ross, an employee of Hampton Company, worked 43 hours during the week of February 9 through 15. Her rate of pay is $22.00 per hour, and she receives time-and-a-half for work in excess of 40 hours per week. She is married and claims two allowances on her W-4 form. Her wages are subject to the following deductions: Federal income tax (use the table in Figure 3). Social Security tax at 6.2 percent. Medicare tax at 1.45 percent. Union dues, $33.00. Compute Ross's regular pay. $ Compute Ross's overtime pay. If required, round intermediate calculations to the nearest cent and use them in subsequent computations. Round final answer to the nearest cent. $ Compute Ross's gross pay. If required, round intermediate calculations to the nearest cent and use them in subsequent computations. Round final answer to the nearest cent. $ Compute Ross's net pay. If required, round intermediate calculations to the nearest cent and use them in subsequent computations. Round final answer to the…
Jennifer Ross, an employee of Hampton Company, worked 44 hours during the week of February 9 through 15. Her rate of pay is $30 per hour, and she receives time-and-a-half for work in excess of 40 hours per week. She is married and claims two allowances on her W-4 form. Her wages are subject to the following deductions: Federal income tax (use the table in Figure 3). Social Security tax at 6.2 percent. Medicare tax at 1.45 percent. Union dues, $30.00. Compute Ross's regular pay. $fill in the blank 1 Compute Ross's overtime pay. $fill in the blank 2 Compute Ross's gross pay. $fill in the blank 3 Compute Ross's net pay. When necessary, round intermediate calculations and the final answer to the nearest cent. $fill in the blank 4
Mary Stine's regular hourly wage rate is $12, and she receives an hourly rate of $18 for work in excess of 40 hours. During a March pay period, Mary works 47 hours. Mary's federal income tax withholding is $70, and she has no voluntary deductions. Compute Mary Stine's gross earnings and net pay for the pay period.
Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims two withholding allowances. Compute his regular pay, overtime pay (Lenny earns $21 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 11A.6), total deductions, and net pay. Round tax amounts to the nearest cent.
Lenny Florita, an unmarried employee, works 44 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims four withholding allowances. Compute his regular pay, overtime pay (Lenny earns $21 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 11A.6), total deductions, and net pay. Note: Round your intermediate calculations and final answers to 2 decimal places. Hours Regular pay Overtime premium pay Gross pay FICA-Social Security tax deduction FICA-Medicare tax deduction Income tax deduction Total deductions Net pay Hourly Rate 0.00 0.00
Oriole Corbin’s regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. During a January pay period, Oriole works 45 hours. Oriole’s federal income tax withholding is $96, she has no voluntary deductions, and the FICA tax rate is 7.65%. Use January 15 for the end of the pay period and the payment date.Prepare the journal entries to record (a) Oriole’s pay for the period and (b) the payment of Oriole’s wages. Use January 15 for the end of the pay period and the payment date. (Round Intermediate calculation and final answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) Jan. 15 (b) Jan. 15
Merly Garza's regular hourly wage rate is $16, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Merly worked 42 hours. Her gross earnings prior to the current week were $3,900. Merly is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $27 per week. All earnings are subject to Social Security tax.
Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and one-half times the regular rate for all hours worked in excess of 40 per week. During the last week of March of the current year he worked 45 hours. Ian is single and claims 2 withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a, Employee (Federal) income tax (use withholding table provided in text). b. Social Security tax at 6.2%. G. Medicare tax at 1.45%. roapg9 d. Health insurance premium, $60. Credit union deposit, $140. 1. United Way contribution, $15. Required: 1. Compute McCarthy's regular, overtime, gross, and net pay 2 Journalize the payment of his wages for the week ended March 26, crediting Cash for the net amount. For the toolbar, press ALT-F10 (PC) or ALT+FN+F10 (Mac). BIUS V Paragraph Arial XQ 11192 FE EBY D BB 3 10pt Y EM X² X₂ 38 AT 11. 安度因国民 AV (0) [+ LV T. Z 3v ✓ " *** Huunone Anwesen stre
Jamie's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Jamie works 45 hours. Jamie's federal income tax withholding is $98, and she has no voluntary deductions. Use January 15 for the end of the pay period and the payment date. Prepare the employer's journal entries to record (a) Jamie's pay for the period and (b) the payment of Jamie's wages. Assume that the FICA tax rate is 7.65%. (Round your answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit (a) Jan 15 (b) Jan. 15