Complete the following table. Note: Round your "gross pay" to the nearest cent. Employee Donna Swan Monday Tuesday Wednesday Thursday 5 8 12 9 Friday 6 Hours Rate per hour $ 9.75 Gross pay
Q: Gall Schneewels is a nurse at Central City Hospital. She is paid $32.87 per hour and has a 40-hour…
A: Gross pay of the employee includes the normal pay and overtime pay. Overtime pay is the extra…
Q: Please fill out the payroll summary below for Throwback Industries Inc. for the week ended December…
A: EmployeeTotal hoursRegular earnings ($)Overtime earnings ($)Aaron4668*40 2,7206*68*1.5…
Q: Floatin Away Company has three employees-a consultant, a computer programmer, and an administrator.…
A: Payroll Calculations for Floatin Away CompanyConsultant:Regular earnings rate: $5,000 per week…
Q: Floatin Away Company has three employees-a consultant, a computer programmer, and an administrator.…
A: Gross Pay and Net Pay: The amount of an employee's income that remains after payroll deductions for…
Q: Rebecca Huang receives a regular salary of $3,120 a month and is paid 1½ times the regular hourly…
A: Calculate the salary per week:
Q: he wages and hours information for five employees of Somja Enterprises for the week ended April 7 is…
A: The total earnings of an employee comprises of regular and overtime earnings the calculation of…
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: Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and…
A: When a company records the compensation of its employees, such type of accounting is known as…
Q: Floatin Away Company has three employees a consultant, a computer programmer, and an administrator.…
A: Gross Pay: The total amount of salary, wages, overtime, commission, bonus paid by the employer to…
Q: 1 Calculate OASDI, HI, SUTA, & FUTA for the payroll period for an employee that earns $6,000 per…
A:
Q: Required: 1. Compute Chin's regular pay, overtime pay, gross pay, and net pay. If required, round…
A: Explanation of Solution: Gross pay: Gross pay is a payment made to an employee for completion of…
Q: Compute Payroll Floatin Away Company has three employees-a consultant, a computer programmer, and an…
A: Gross Pay: The total amount of salary, wages, overtime, commission, bonus paid by the employer to an…
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 Floatin Away Company has three employees—a consultant, a computer programmer, and…
A: Present question pertains to gross pay and net pay calculation of employees. Gross pay is total…
Q: Compute Payroll An employee earns $22 per hour and 2 times that rate for all hours in excess of 40…
A: The gross pay of an employee indicates the total earnings to an employee for the services provided.…
Q: Floatin Away Company has three employees-a consultant, a computer programmer, and an administrator.…
A: Payroll is the method used to determine and pay employees for the job they have completed while…
Q: pay
A: Concept:- To Compute gross Earnings Per Pay Period divide the total amount of yearly earnings by…
Q: Joseph Cavato is paid $12.96 per hour. During the past week, he worked 46 hours, and he is a covered…
A: Overtime hours are the hours above normal hours for the period. In simple terms, it is the…
Q: An employee earns $44 per hour and 1.75 times that rate for all hours in excess of 40 hours per…
A:
Q: Compute Payroll Floatin Away Company has three employees-a consultant, a computer programmer, and an…
A: Gross pay of the employees means regular earnings made by the employee and all overtime earnings…
Q: An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…
A: The answer is as fallows
Q: From the following information, prepare a general journal entry to record the employee benefits…
A: Payroll refers to the compensation that is paid by the employer to the employees for the services…
Q: a. The overtime earnings $fill in the blank 1 69.78 b. The total earnings $fill in the blank 2…
A: Overtime refers any extra hours worked by a employee that exceeds its normal working hours. For…
Q: Lindsey Vater's weekly gross earnings for the week ended March 9 were $2,980, and her federal income…
A: Gross pay is the total wages or salary earned by an employee during an accounting period.Net pay is…
Q: Calculate the gross earnings per pay period (in $) for the given pay schedule. (Round your answers…
A:
Q: Mary Jo Prenaris is an office manager with gross earnings of $1,300 semimonthly. If her company…
A: Semimonthly salary means payment is processed twice in a month i.e after a duration of 15 days…
Q: Not applicable 1.5 times hourly rate 2 times hourly rate Number of withholding allowances 2…
A: Gross pay is the amount they earn before taxes, benefits, and other payroll deductions are deducted…
Q: Employees’ earnings and taxesA weekly payroll summary made from labor time records showsthe…
A: Journal entry is the process of recording the business transactions in the accounting books for the…
Q: Computing Overtime Rate of Pay and Gross Weekly Pay Rebecca Huang receives a regular salary of…
A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: An employee earns $20 per hour and 1.75 times that rate for all hours in excess of 40 hours per…
A: Gross pay: It is an income calculated by multiplying the total hours worked with the basic hourly…
Q: ayroll Register and Payroll Journal Entry 1. Prepare a payroll register for Mary’s Luxury Travel…
A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…
Q: The accounting clerk at Tenity Enterprises is paid $10.40 per hour. During a week’s pay period, the…
A: The gross pay indicates the total wages warned by the employee. The gross pay refers to the total…
Q: Peter Jones is paid $13.76 per hour. During the past week, he worked 44 hours, and he is a covered…
A: Total weekly hours=44 hoursPer hour rate=$13.76Over time=4 hours
Q: Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and…
A: The employee also paid overtime if the actual hours worked are more than the normal working hours.…
Q: Determine the gross pay and the net pay for each of the three employees for the current pay period.…
A: Payroll is the total of all compensation a business must pay to its employees for a set period of…
Q: Calculate Sam's gross pay. (He is entitled to time-and-a-half) M T W Th F Total Hours Rate Per…
A:
Q: Compute Payroll Floatin Away Company has three employees—a consultant, a computer programmer, and an…
A: Answer:- Payroll meaning:- The process of calculating and compensating employees for the work they…
Q: Compute payroll <. Mello Company has three employees-a consultant, a computer programmer, and an…
A: Gross pay refers to the total amount of money an employee earns before any deductions, such as…
Q: Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The…
A: What is payroll? It is a register that shows the total amount to be paid to the employees during a…
Q: Computing Weekly Gross Pay Ryan Lawrence’s regular hourly rate is $14. He receives 1½ times the…
A: Calculation of gross pay:
Q: The sales clerks of Teresa's Treasures are paid a salary of $225 per week plus a commission of 8% on…
A: 1. Tina Valendez Commission = $ 2,392.50 x 8% = $ 191.4 2. Jan Yarrow Commission = $ 3,480.75 x 8%…
Q: Computing Overtime Rate of Pay and Gross Weekly Pay Rebecca Huang receives a regular salary of…
A: Regular time pay is paid when we work for normal hours and if we work for overtime and extra amount…
Q: Calculate Sam’s gross pay (he is entitled to time-and-a-half for overtime hours worked. Monday 9 1/4…
A: The sum of an employee's paycheck that is left over after payroll deductions such as taxes,…
Q: For the first week of May, Frank Taylor worked 33 hours. Frank earns $16.40 an hour. His employer…
A: The gross pay of an employee represents the total earning of the employee. The employer pays…
Q: Carla Vista Company has the following data for the weekly payroll ending May 31: Hours Worked…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows: Name # ofAllowances MaritalStatus TotalHours Rate CumulativeEarnings B. Russo 0 S 44 $ 8.00 $ 8,300 P. Higgins 1 M 46 28.00 52,176 S. Minsky 2 S 40 9.00 18,560 A. Mendez 4 M 40 34.00 86,000 Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way. Number the checks beginning with 803. (Refer to Figure 8-4a and Figure 8-4b.) Required: 1. Complete the payroll register. Round your answers to the nearest cent. 2. Journalize the payroll entry. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank.BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $117,000 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. a. Gross Pay through August $ 6,400 Gross Pay for September $ 800 Prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount 0.00Employee Net Pay Kenneth Inverness's weekly gross earnings for the week ended April 22 were $1,000, and his federal income tax withholding was $180. Assuming the social security rate is 6% and Medicare is 1.5%, what is Kenneth's net pay? Note: If required, round your answer to two decimal places. All work saved.
- Complete the following table (assume the overtime for each employee is a time-and-a-half rate after 40 hours): (Do not round intermediate calculations. Round your "overtime rate" and "gross earnings" to the nearest cent.) Total regular hours Total overtime hours Employee Regular Gross M T W Th Sa rate Overtime rate earnings Ryan 12 8 10 8 6 3 40 $7.80 11.70 24 1.50Employee net pay Lindsey Vater's weekly gross earnings for the week ended March 9 were $ 3,160, and her federal income tax withholding was $663.60. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay? For interim computations, carry amounts out to two decimal places. Round your final answer to two decimal places.Computing Overtime Rate of Pay and Gross Weekly Pay Rebecca Huang receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Huang's overtime rate of pay. %$4 overtime pay per hour b. Calculate Huang's total gross weekly pay if she works 45 hours during the week.
- Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant $2,010 per week Not applicable Gross pay Net pay Computer Programmer $34 per hour 1.5 times hourly rate 2 Regular earnings rate $46 per hour Overtime earnings rate 2 times hourly rate 3 1 Number of withholding allowances For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to withholding and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withholding allowance is $70. 2,010 ✔ Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a…Sandhill Company has the following data for the weekly payroll ending January 31. Employee L. Helton R. Kenseth M 8 8 D. Tavaras 9 Jan. 31 T 8 8 12 Hours W 12 8 8 T 8 8 8 F 10 8 S 3 Date Account Titles and Explanation 5 9 0 Hourly Rate $12 16 13 Federal Income Tax Withholding Health Insurance $34 37 58 Employees are paid 1½ times the regular hcrly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% (the 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages). Sandhill Company is subject to 5.4% state unemployment taxes and 0.6% federal unemployment taxes on the first $7,000 of gross earnings. Debit $10 Prepare the journal entry to record Sandhill's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 15.25.) 25 Credit 25Employee Net Pay Steven Washington's weekly gross earnings for the week ending March 9 were $2,520, and her federal income tax withholding was $453.60. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Washington's net pay? If required, round your answer to two decimal places.$fill in the blank 1
- Compute Payroll Floatin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Regular earnings rate Overtime earnings rate* Number of withholding allowances Consultant Computer Programmer Administrator $3,010 per week $30 per hour $50 per hour Not applicable 1.5 times hourly rate 2 times hourly rate 3 2 1 *For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $276.54 to 24% of the difference between the employee's amount subject to withholding and $1,692.00. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $81. Determine the gross pay and the net pay for each of the three…A weekly time ticket for Joyce Caldwell follows: Labor Time Ticket Ticket Number: TT 338 Employee: Joyce Caldwell % Date Monday, 8/12 Tuesday, 8/13 Wednesday, 8/14 Thursday, 8/15 Friday, 8/16 View transaction list < 1 Time Started Journal entry worksheet 7:00 AM 7:00 AM 7:00 AM Transaction a 7:00 AM 12:00 PM 7:00 AM Note: Enter debits before credits. Record entry Dates: Monday 8/13 Record Joyce's wages to be paid at a later date. Required: Prepare a journal entry to record Joyce's wages. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. 1 General Journal Clear entry Friday 8/17 Time Ended 11:00 AM 4:00 PM 3:00 PM Weekly Totals Hourly Labor Rate Total Wages Earned 3:00 PM 3:00 PM 3:00 PM Total Hours 8 hours 8 hours 8 hours Debit 4 hours 4 hours 8 hours 40 hours × $29 $ 1,160 Credit Job Number Job 271 Job 271 Job 272 Job 272 Maintenance Job 273 View general journalCalculate Payroll An employee earns $44 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week. Assume that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $581.90. a. Determine the gross pay for the week. $ If applicable, round your final answer to two decimal places. b. Determine the net pay for the week. $