$1900 During a two week pay period, an employee worked a total of 72 hours. If they are paid $27 for every hour worked, calculate their gross pay and round it to the nearest hundred dollars. $1940 $2000
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$1900 During a two week pay period, an employee worked a total of 72 hours. If they are paid $27 for every hour worked, calculate their gross pay and round it to the nearest hundred dollars. $1940 $2000 Time Remaining:08:18:48 $2100 FLAG CONTINUE
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- Problem 12-6 Preparing a Payroll Register Hot Suds Car Wash has four employees. They are paid on a weekly basis with overtime paid for all hours worked over 40 in a week. The overtime rate is 1⁄2 times the regular rate of pay. The payroll information and IRS tax tables follow. Employee James Dumser Gail Job James Liptak Bruce Stemn Employee Rate per Marital Status Number 108 Single 112 Married 102 109 Hour $7.95 $8.00 $8.00 Married $7.80 Single Allowances 0 0121 2 Union Member No Yes Yes YesComplete 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 1.50Hours Employee M T W T F S Hourly Rate Federal Income Tax Withholding Health Insurance L. Helton 9 7 8 8 10 2 $12 $33 $12 R. Kenseth 7 8 8 8 8 5 14 36 27 D. Tavaras 9 10 8 9 9 0 15 60 26 Employees are paid 1.50 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $132,900 of gross earnings. Bonita Company is subject to 5.40% state unemployment taxes and 0.60% federal unemployment taxes on the first $7,000 of gross earnings. (a) Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.) Employee Total Hours L. Helton R. Kenseth D. Tavaras Totals Earnings Regular Overtime Gross Pa $
- Basic wage rate is $. 2/- per hour. Overtime rates are as follows: Before or after working hours Sundays and Holidays 150 % of basic wage rate 200 % of basic wage rate, i.e. double time During the previous year, the following hours were worked: : 2,00,000 hours 30,000 hours Normal time Overtime before or after working hours Overtime - Sundays and holidays 20,000 hours : Total : 2,50,000 hours The following times have been worked on Job 'X' : Normal time 3,000 hours Before and after working hours 300 hours Sundays and Holidays 200 hours Total 3,500 hours You are required to calculate the labour cost chargeable to Job 'X" and overhead in each of the following instances: (a) Where overtime is worked regularly throughout the year as a policy due to labour shortage. (b) Where overtime is worked irregularly to meet the requirements of production. (c) Where overtime is worked at the request of the customer to expedite the job.Name Penny Bart Laura Sam +Lisa Bart: Penny: 40 regular hours * $15 = $600 2 overtime hours * (15*1.5) = $45 Commission: $8,500 * .03 = = $255 Total gross pay = $900.00 Laura: Time Worked Sam: 42 hours 55 hours 1 week 38 hours 50 hours Lisa: Rate of Pay $15.00 $12.50 $55,000 year $14.50 $8.00 Using the table above, calculate the gross earnings for each of the employees. Remember to take overtime hours into consideration. Also, calculate commission where applicable and add it to the gross hourly pay. Show your work! The first one is done for you. Commission % 3% 1% N/A N/A 2% Sales $8,500 $14,300 N/A N/A $22,050Calculate 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 $70. 2,010 ✔ Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a…
- mapter 12: Payroll Accounting Question 5 (of 12) The assembly line workers at Cambridge Motors are paid an hourly wage plus overtime for each hour worked over 40 each week. Overtime is paid at a rate of 12 times hourly wage. Find the amount of gross earnings for the following workers. (Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Total Hours Worked Hourly Wage Gross Earnings Regular Earnings 2$ Name Overtime Earnings Tom Arruda 39 $6.96 Janet Dias 42 $7.10 $ 2$ Paul Pijarowski 45 $7.15 Rosemary Weiss 41 $7.75 O Search for anything DELL F1 F2 F3 F4 F5 F6 F7 F8 # 2 3 4 5 6 %24 立Required information Exercise 9-13A (Static) Computation of net pay and payroll expense LO 9-5 [The following information applies to the questions displayed below] The following information is available for the employees of Webber Packing Company for the first week of January, Year t 1. Kayla earns $28 per hour and 1½ times her regular rate for hours over 40 per week. Kayla worked 52 hours the first week in January, Kayla's federal income tax withholding is equal to 15 percent of her gross pay. Webber pays medical insurance of $50 per week for Kayla and contributes $50 per week to a retirement plan for her. 2. Paula earns a weekly salary of $1,600, Paula's federal income tax withholding is 18 percent of her gross pay. Webber pays medical insurance of $80 per week for Paula and contributes $100 per week to a retirement plan for her. 3. Vacation pay is accrued at the rate of 2 hours per week (based on the regular pay rate) for Kayla and $60 per week for Paula. Assume the Social Security…3. During one week, three employees of the Snowshoe Lodge worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee. Regular Hourly Rate Overtime Earnings Hours Worked 48 Regular Earnings Gross Pay No. 1 $27.50 S18.25 41 3 $20.00 50
- 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…PSb 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Billy Fortuna earns both $11.45/hour and a 10% commission on all sales. During the most recent week, he worked 47 hours and made total sales of $8,800. Gross Pay = $ 2: Emily Robinson earns both $8.10/hour and $35 for every sale she completes. During the most recent week, she worked 55 hours and made a total of 49 sales. Gross Pay = $ 3: Richard Eisenhower earns both $14.90/hour and a 14% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $5,700. Gross Pay = $ 4: Zoey Jefferson earns both $19.10/hour, $5 for every sale of Product A, and $18 for every sale of Product B. During the most recent week,…Employees' earnings and taxes A weekly payroll summary made from labor time records shows the following data for Musketeer Manufacturing Company: LO2 LO3 Hourly Rate Hours Employee Classification Regular Overtime Brown, D. Direct $12 40 2 Jackson, D. Direct 12 40 3 Love, J. Direct 15 40 4 Anderson, C. Indirect 40 Raymond, B. Indirect 18 40 Overtime is payable at one-and-a-half times the regular rate of pay for an employee and is distributed to all jobs worked on during the period. a. Determine the net pay of each employee. The income taxes withheld for each employee amount to 15% of the gross wages. b. Prepare journal entries for the following: 1. Recording the payroll. 2. Paying the payroll 3. Distributing the payroll. (Assume that overtime premium will be charged to all jobs worked on during the period. 4. The employer’s payroll taxes. (Assume that none of the employees has achieved the maximum wage bases for FICA and unemployment taxes.)