Carol is a salesperson paid solely by commission and is paid monthly. In September, Carol earned a total of $7,500.00 in commissions and received a mid-month advance of $2,000.00. What amount would be used at the end of September to calculate statutory deductions?
Q: Donna Strand's regular hourly wage rate is $19, and she receives an hourly rate of $20 for work in…
A: FICA (Federal Insurance Contributions Act) taxes are payroll taxes that fund two major social…
Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…
A: Gross earnings$8260Less: DeductionsSocial security tax$512.12= $8260*6.2%Medicare tax$119.77=…
Q: Donna Strand's regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in…
A: Gross earnings refer to the total amount of money earned by an individual before any deductions or…
Q: Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned…
A:
Q: Susan Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in…
A: Total pay to the employee is a total pay less total deduction. We can formulate it as, Gross earning…
Q: Prepare the journal entries to record (a) Oriole’s pay for the period and (b) the payment of…
A:
Q: Elizabeth Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work…
A: Net pay = Gross earnings - FICA Taxes payable - Federal income tax payable
Q: Patricia Strand’s regular hourly wage rate is $22, and she receives an hourly rate of $33 for work…
A: Gross earnings = (40 hours x $22 per hour) + (Hours in excess of 40 hours x $33 per hour) =(40 hours…
Q: Dayna is an employee in Alberta who earns $700.00 weekly. She has filed TD1 and TD1AB forms with…
A: Dayna is an employee in Alberta Earns weekly = $700.00 Salaries per annum = weekly earnings x number…
Q: Dayna is an employee in Alberta who earns $760.00 weekly. She has filed TD1 and TD1AB forms with…
A: Dayna is an employee in Alberta Earns weekly = $700.00 Number of weeks in a year = 52 weeks Total…
Q: Amy’s regular hourly wage rate is $8, and she receives an hourly rate of $12 for work in excess of…
A: Gross Earnings = ($8*40) + [($12*(47-40)] = $404 Net pay = Gross Earnings - Federal Income tax…
Q: is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay…
A: Normal Pay $20×40 =$800 Over time pay $30×10…
Q: Jamie receives a basic pay of P29,880 a month and a 2% commission on her sales. She sold P505,000 in…
A: Based on the given information, Gross Pay = P29,880+2%P505,000=P29,880+P10,100=P39,980 Based on the…
Q: Vaughn Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in…
A: Gross earnings = (40 hours x rate per hour) + (hours in excess of 40 hours x rate per hour ) = (40 x…
Q: ustin Matthews is a waiter
A: Net take-home pay is the amount of money an employee receives in their paycheck after…
Q: Your answer is partially correct. Karen Peters' regular hourly wage rate is $42, and she receives an…
A: The FICA taxes are levied on the compensation to employees. The FICA taxes are established to fund…
Q: Herman Swayne is a waiter at the Dixie Hotel. In his first weekly pay in March, he earned $360.00…
A: Net pay is the final pay after taking into consideration all the deductions. The calculation is…
Q: Bailey Plyler has three employees in his carpet cleaning business. The payroll is semimonthly and…
A: If the employee of the corporation is entitle for SUTA tax, then the liability for FUTA tax becomes…
Q: Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00…
A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…
Q: Compute Michelle Strand’s gross earnings and net pay for the pay period.
A: Given information is: Michelle Strand’s regular hourly wage rate is $34, and she receives an hourly…
Q: Susan Corbin's regular hourly wage rate is $18, and she receives an hourly rate of $27 for work in…
A: A journal entry is the act of keeping or making records of any transactions either economic or…
Q: Betty Strand's regular hourly wage rate is $18, and she receives an hourly rate of $27 for work in…
A: The Gross earnings refer to an total amount of the money earned by an individual before any…
Q: Laura Corbin’s regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in…
A: Solution:- Preparation of the journal entries to record (a) Laura’s pay for the period and (b) the…
Q: Baker Green's weekly gross earnings for the week ending December 7 were $2,000, and her federal…
A: Net Pay = Gross earnings - Federal income tax - Social Security rate - Medicare Social Security…
Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…
A: Total amount of taxes withheld includes FICA social security tax, FICA Medicare tax and Federal…
Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…
A: Payroll accountingThe accounting process followed for the human resources payments regarding the…
Q: Can I do a general journal entry on this scenario, if so how do i do it? Master Flow’s first…
A: Payroll deductions can include federal withholding taxes dues, social security taxes, medicare…
Q: Bramble Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in…
A: Gross salary = (40 hours x $20) + (45 hours - 40 hours) x $30 = $950 FICA taxes…
Q: Dan Dietrich is an executive with Coronado Distributors. His gross earnings are $17,300 per month.…
A: The Medicare tax, which is a percentage of gross wages used to finance Medicare, is due by all…
Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…
A: Lenders and landlords evaluate an individual's gross income to decide if that person is a worthy…
Q: Sandra Corbin’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in…
A: Gross pay= (regular hours worked *regular rate)+(Overtime hours*Overtime rate) Net pay= Gross Pay-…
Carol is a salesperson paid solely by commission and is paid monthly. In September, Carol earned a total of $7,500.00 in commissions and received a mid-month advance of $2,000.00. What amount would be used at the end of September to calculate statutory deductions?
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- 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. 15Dayna is an employee in Alberta who earns $700.00 weekly. She has filed TD1 and TD1AB forms with claim code 3. This pay she is receiving a pay increase of $25.00 per pay. The increase was effective three pay periods ago. Calculate the total income taxes on the retroactive increase paid on a separate cheque.Vaughn Corbin'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, Vaughn works 45 hours. Vaughn'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) Vaughn's pay for the period and (b) the payment of Vaughn'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 Jan. (a) 15 Jan. (b) 15
- Susan Corbin's regular hourly wage rate is $18, and she receives an hourly rate of $27 for work in excess of 40 hours. During a January pay period, Susan works 50 hours. Susan's federal income tax withholding is $94, 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) Susan's pay for the period and (b) the payment of Susan's wages. (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 (a) (b) Jan. 15 Jan. 15 eTextbook and Media Debit Credit CROWNDayna is an employee in Alberta who earns $700.00 weekly. She has filed TD1 and TD1AB forms with claim code 3. This pay she is receiving a pay increase of $25.00 per pay. The increase was effective three pay periods ago. Calculate the total income taxes on the retroactive increase paid on a separate cheque. Your answer:Dan Dietrich is an executive with Coronado Distributors. His gross earnings are $17,300 per month. a. What are the withholdings for social security and Medicare for Dan’s January paycheck? b. In what month will his salary reach the social security wage base limit? c. What are the social security and Medicare tax withholdings for Dan in the month named in part b?
- Bramble Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Bramble works 45 hours. Bramble's federal income tax withholding is $98, 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) Bramble's pay for the period and (b) the payment of Bramble'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, eg. 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. 15Your answer is partially correct. Karen Peters' regular hourly wage rate is $42, and she receives an hourly rate of $63 for work in excess of 40 hours. During a March pay period, Karen works 47 hours. Karen's federal income tax withholding is $80, and she has no voluntary deductions. The FICA tax rate is 7.65%. A Prepare the journal entry to record Karen's pay for the period. Use March 15 for the end of the pay period. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the 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. List all debit entries before credit entries.) Date Mar. 15 here to search Account Titles and Explanation Salaries and Wages Expense FICA Taxes Payable Salaries and Wages Payable Cash Ef 50 Chp Debit 2,121 Credit 162.25 1.878.75 1,878.75 12:1 61°F Clear ^ @4) 934Can I do a general journal entry on this scenario, if so how do i do it? Master Flow’s first employee, Emma Stone starts at the Company. She will be responsible for Warehouse Management. She will be paid $20 / Hour. Emma works 30 Hours / Pay Period (every two weeks). The pay period ends on 12-31-20. Emma’s Federal Tax Withholding is $50, based on her W4, and all other standard payroll taxes apply at their appropriate rates. She does not receive benefits and does not have any contributions of any type withheld from her pay.
- Beth Corbin’s regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Beth works 50 hours. Beth’s federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%.Compute Beth Corbin’s gross earnings and net pay for the pay period. (Round answers to 2 decimal places, e.g. 15.25.) Gross earnings $ Net pay $Donna Strand's regular hourly wage rate is $19, and she receives an hourly rate of $20 for work in excess of 40 hours. During a January pay period, Donna works 47 hours. Donna's federal income tax withholding is $92, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare a tabular summary to record the employer's payroll taxes for the period. Include margin explanations for changes in revenues and expenses. Ignore unemployment taxes. (Round answers to 2 decimal places, eg. 15.25. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Jan. 15 S Assets Cash $ Salaries & Wages Pay. Liabilities Fed. Inc. Taxes Pay. FICA Taxes FMichelle Strand’s regular hourly wage rate is $34, and she receives an hourly rate of $51 for work in excess of 40 hours. During a January pay period, Michelle works 45 hours. Michelle’s federal income tax withholding is $89, and she has no voluntary deductions.Compute Michelle Strand’s gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%. (Round answers to 2 decimal places, e.g. 15.25.) Michelle’s gross earnings $enter a dollar amount Michelle’s net pay $enter a dollar amount
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)