From the following. calculate:the earnings of workers A,B,C under Hälsey plan ard Rowan scheme of payment: Worker Standard time (Hours): Actual (Hours) :5 1.. ... Basić wages per hour ...... 2 B4m2 A3 52
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- Next Question Find the overtime rate, the amount of earnings at regular pay, the amount at overtime pay hours. wages for the employee. Hours in excess of 40 are overtime Name M T w Th F Total Hrs. Reg. Hrs. O.T. Hrs. Bond. R. 7.7 8.9 5.5 4.3 4.5 9.1 ..... Reg. O.T. Gross Earnings Name Rate Rate Regular Overtime Total Bond, R. $7.46 $ I$ What was the overtime rate for Mr. Bond? (Round to the nearest cent.) What was the amount of earnings at Mr. Bond's regular pay? (Round to the nearest cent.) What was the amount of earnings at Mr. Bond's overtime pay? (Round to the nearest cent.)АCTIVITY 1.Some companies use the overtime premium method to determine gross earnings. Use this method to complete the following payroll ledger. Overtime is paid at the time-and-a-half rate for all hours over 40? O.T. Hours Worked Gross Earnings Total Reg. 0.T. Premium S Hours Rate Hours Rate Employee S M W TH F 0.T. Total 16. Averell, B. 10 9 8 5 12 7 51 $11.40 11 $5.70 $581.40 $62.70 $644.10 - 17. Brownlee, K. 7.75 10 5 9.75 8 10 $9.50 18. Carter, M. 12 11 8 8.25 11 $8.60 - |- 19. Parks, K. 8.5 5.5 10 12 10.5 7 $12.50 - 20. Parr, J. 10 9.75 9 11.5 10 $10.20PRACTICAL EXERCISE 1.4 A Payroll consists of Basic Pay, Allowances, Gross Salary, Deduction ang Net Salary. The Allowances are 23% of the Basic Pay while the Deduction are 12% of the Gross Salary. In the given worksheet, indicate in each cell what will be inserted, that is a value or a formula. In the case of a formula, write down the formula in the cell. A E F Stationery Supplies Ltd Deductions Net Salary 3. Name Basic Allowances Gross Рay Salary 4 Lewis Francis Edwin 13 Totals 4
- Calculate the normal and overtime wages payable to a worker from the following data: Days Hours worked Monday 10 Tuesday 7 Wednesday 12 Thursday 12 Friday 8 Saturday 4 Total (hrs) 53 Normal working hours 8 hours per day Normal rate P250 per hour Overtime rate up to 48 hours in a week at single rate and over 48 hours at double rateGross earnings is______________________. An amount of money paid to an employee at a specified rate per hour worked A fixed amount of money paid to an employee for each pay period The total amount of money an employee earns in a pay period; also called gross pay A record of the time an employee arrives at work, leaves work, and the total number of hours worked each dayQUESTION 9 If an employee makes $14 per hour and they work 52 hours in a given week what would be their gross pay for that week including overtime pny? O 802 812 O 728 O 712 QUESTION 10 GTH Engineeriog has two employees. The payroll register for 12/7/21 reveals the folowing information Prev.YTD Eamings $114,300 Gross Pay $5.270 Rebecca Willams James Kitle $77 A80 $191,780 $3,040 Totals $8,310 How much of the two employees gross pay would be considered FICA OASDI taxable, assuming the OASDI Cap is $117,000. O $5,610 O $2.700 O $5,270 $8,310
- ABM- BUSINESS MATHEMATIO Grade/Section: 11 ABM toVislse v C. P28,000 vD. P26,000 esE en bns leeHlid1ot 02e A. P27,000 P25,000 В. To 6. Gina has a total monthly deduction of -ge10 P2,845. If her take-home pay is P18,945, how much is her gross earning for working this month? A. P16,100SE CENO B. P22,500 C. P18,945, D. P21,790 7. Mr. Buenaventurado's annual net income is P1,200,000. What is his annual gross income if his annual deduction is 20% of his gross?arch Blue Hardware payroll for November 2020 is summarized below. Factory Sales Payroll F Administrative R Total (a) ACC341-2022-Ho...xlsx % Wages Due T G $121,100 35,100 $195,600 39,400 ^ :Q+ O H 6 Y H FICA $121,100 At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee's wages to $128,400 and 1.45% in excess of $128,400. Of the $195,600 wages subject to FICA tax, $19,700 of the sales wages is in excess of $128,400. Federal unemployment tax rate is 0.8% after credits. Income tax withheld amounts to $15,400 for factory, $6,600 for sales, and $5,500 for administrative. 1 35,100 39,400 $195,600 . music 2.jpeg & 7 K Amount Subject to Payroll Taxes Unemployment Tax J 8 Federal BN M $39,800 O 3,600 $43,400 State K Pa O W ( 9 $39,800 $43,400 3,600 F11 ) O L 2 888 F12 P Home ? End + Insert } Rain off and on ] Delete BackspacEmployees’ earnings and taxesA weekly payroll summary made from labor time records showsthe following data for Pima Company:HourlyRateHoursEmployee Classification Regular OvertimeTu, H. Direct $12 40 2Dante, J. Direct 12 40 3Jamal, M. Direct 15 40 4Marcus, L. Indirect 9 40Alexander, T. Indirect 18 40Overtime is payable at one-and-a-half times the regular rate of payand is distributed to all jobs worked on during the period.a. Determine the net pay of each employee. The income taxes withheldfor 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 the overtime premiumwill be charged to all jobs worked on during the period.)4. The employer’s payroll taxes. (Assume that none of theemployees has achieved the maximum wage bases for FICAand unemployment taxes.)
- 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 Total regular overtime Regular Gross Employee MT W Th F Sa hours hours rate Overtime rate earnings Ryan 12 8 10 6 3 40 7 $7.80 espremiums. LO 11-8 The following information relates to Ponte Manufacturing Company's workers' compensation insurance premiums for 20X1. On January 15, 20X1, the company estimated its premium for workers' compensation insurance for the year on the basis of that data. Amount of Look Work Estimated Insurance Classification Rates rint Wages Office work $ 64,000 Shop work $0.30/$100 308,000 $6.00/$100 rences Required: 1. Compute the estimated premiums. 2. Record in general journal form payment of the estimated premium on January 15, 20X1. 3. On January 4, 20X2, an audit of the firm's payroll records showed that it had actually paid wages of $69,960 to its office employees and wages of $315,320 to its shop employees. Compute the actual premium for the year and the balance due the insurance company or the credit due the firm. 4. Prepare the general journal entry on December 31, 20X1, to adjust the Workers' Compensation Insurance Expense account. Analyze: If all wages were attributable to shop…1. The data below pertains to the earnings of Peter Castro for the week ended June 30,2020. Hours and rate Earnings to date | 42 hours worked at P80 an hour P 28.00 150% of the regular rate for hours worked in excess of 40 hours. Overtime rate Withholding tax SSS contributions PHIC contribution Pag-ibig contribution 3% of gross earnings 2% of gross earnings 1% of gross earnings | 1% of gross earnings What is the net pay of Peter Castro for the week?