Employee and employer OASDI: 6.2% Employer and Employee HI: 1.45% Employee HI: plus an additional 0.9% on wages over @200,000. Also allpicable for self-employed. minimum hourly wage of $7.25 Crow earned $585.15 during the week ended Mar. 1, 20--. Prior to payday, Crow had cumulative gross earnings of $4,733.20. round your answers to the nearest cent. a. The amount of OASDI taxed to withhold from Crow's pay is $ b. THe amount of HI taxes to withhold from Crow's pay is $

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A: After deductions from gross pay, net pay is the amount of remuneration that remains distributable to…

Q: Gina Flores, a full time student at TSTC is employed by The Boot Jack as a salesperson. Her hourly…

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A: Number of years worked = 28 Annual benefit = $7,000

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A: Payroll- Payroll is a process which includes calculating an employee's working hours, calculating…

Q: Give correct answer the question

A:

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A: Given : Medical insurance = $86 Dental insurance = $18 401(k) 5% of gross pay…

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A: Profit per share (in amount) = $2.5 Profit per share (in percentage) = 62.5%

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A: Estimated premiums  is a kind of worker's compensation insurance which depends on the various…

Q: Ronald works at Weasleys’ Wizard Wheezes for the summer and earns gross wages of $4,000.  Data…

A: Net pay = Gross pay - Federal income tax liability - State income tax liability

Q: Kathy Burnett works for Triumph Industries. Her pay rate is $12.60 per hour and she receives…

A: Overtime is defined as hours performed apart from the regular working day. The idea is most commonly…

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A: A's overtime=Hours worked-Hours per week=52-40=12 hours

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A: The total wages are:

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A: Solution A Wage is  compensation paid to employees for work for a company during a period of time.

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A: a) The total wages is calculated as,

Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.