3:Radio World prints and distributes checks for its employees 12 times each year. Its workweek begins Tuesday at 2:43 p.m. and ends a week later on Tuesday at 2:42p.m.Type of pay period?A. O WeeklyB. O BiWeeklyС.SemimonthlyD. O MonthlyIndicate whether the specified workweek is FLSA compliant or noncompliant.A. O CompliantB. O Noncompliant 1: Carpets 'r Us pays its employees 24 times each year. Its workweek is based on activity level and varies from week to week, but never exceeds a seven-day period.Туре of pay period?A. O WeeklyВ.BiWeeklyC.SemimonthlyD. O MonthlyIndicate whether the specified workweek is FLSA compliant or noncompliant.A.CompliantB. O Noncompliant2: Flagpole Enterprises distributes paychecks to employees every other week on Friday afternoon. These pay dates fall exactly seven days after the end of every payperiod. The workweek begins Monday at 8:00 a.m. and ends Friday afternoon at 6:00 p.m.Туре of pay period?A. O WeeklyВ.BiWeeklyС.SemimonthlyD. O MonthlyIndicate whether the specified workweek is FLSA compliant or noncompliant.A.CompliantВ.Noncompliant

The main difference between a semimonthly and biweekly payroll is under semimonthly payroll employee…

Answered: Carpets 'r Us pays its employees 24…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The information available from time cards and employees’ individual earnings records for the pay period ended October 14 is shown in the following chart: Earnings at End Daily Time Income Tax Name of Previous Week M T W T F S Pay Rate Allowances or Amount Bardin, J. 43,627.00 8 8 8 8 8 2 21.30 2 Caris, A. 44,340.00 8 8 8 8 8 8 21.60 1 Drew, W. 43,845.00 8 10 10 8 8 0 21.50 1 Garen, S. 117,600.00 8 8 8 8 8 0 49.00 $227.83 North, O. 43,875.00 8 8 8 8 8 5 21.40 3 Ovid, N. 40,150.00 8 8 8 8 8 0 21.50 1 Ross, J. 6,430.00 8 8 8 8 8 4 20.50 1 Springer, O. 44,175.00 8 8 8 8 8 3 21.25 2 Taxable earnings for Social Security are based on the first $118,500. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. *Round to the nearest penny. Required: 1. Complete the payroll register…
Thomas Martin receives an hourly wage rate of $15, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $370; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin? Round your answer to the nearest whole dollar. Oa. $720 Ob. $780 Oc. $1,080 Od. $1,440
This is Salary calculation
Brendan is an hourly worker. During a week pay period, he worked the following hours and minutes: Days Hours minutes Monday 8 45 Tuesday 7 52 Wedbesday 8 0 Thursday 9 36 Friday 8 24 Usig the quarterly-hour method, how many total hours dd Brandon work tht week?
Glenda Rome earns $980 biweekly and works a standard 40-hour workweek. Compute Rome’s regular hourly and overtime rates. Select one: a. $24.50 and $18.38 b. $12.25 and $18.38 c. $12.25 and $36.75 d. $24.50 and $36.75
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Sheffield Company began operations on January 2, 2019. It employs 10 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 8 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows. Actual HourlyWage Rate Vacation Days Usedby Each Employee Sick Days Usedby Each Employee 2019 2020 2019 2020 2019 2020 $6 $7 0 9 6 7 Sheffield Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned. (a) Correct answer icon Your answer is correct Prepare journal entries to record transactions related to compensated absences during 2019 and 2020. (If no entry is required, select "No Entry" for the account…
Hanasben
For the first week of May, Frank Taylor worked 33 hours. Frank earns $16.40 an hour. His employer pays overtime for all hours worked in excess of 40 hours per week and pays 1.5 times the hourly rate for overtime hours. Calculate the following for the first week of May (round your responses to the nearest cent if necessary): 1. Regular pay amount: $ 2. Overtime pay: $ 3. Gross pay: $
Pay rate employers are required to pay certain employees covered by state and federal laws; the Fair Labor Standards Act of 1938 sets the rate at 1.5 times the regular hourly rate after 40 hours per week is known as ____________. payroll clerk payroll overtime rate pay period
How would I calculate hourly rate for a non exempt employee with hours past 40? How would I factor in overtime? EX: Cooper worked 88 hours from 10/1 to 10/15 and is paid semi monthly. He earns 62,000 annually.
Compute gross wages due each employee under federal wage-hour law: Latisha is normally paid $1,200 for a 40-hour workweek. One Monday she is out sick but receives 8 hours sick pay. She then works 40 hours Tuesday–Friday. Al is normally paid $500 for a 40-hour workweek. One week, he works 45 hours. Lee is normally paid $1,500 for a 40-hour workweek. To make up for leaving early one Friday, he works 44 hours this week.

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