hat is the total liability for bonus, vacation and pension?

Q: Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus…

A: Answer: a. What is the estimated liability for fringe benefits? Estimated liability is P31000 for 50…

Q: Following are the particulars for March, 2019 relating to four employees working in a department of…

A:

Q: 1) Ms. Rose, a production worker earns P14,904 a month, and the company pays one month's salary as…

A: SOLUTION- PENSION IS A CONTRACT FOR A FIXED SUM TO BE PAID REGULARLY TO A PERSON , TYPICALLY…

Q: An employee receives an hourly rate of $18, with time and a half for all hours worked in excess of…

A: Introduction:- The following basic information as follows under:- Federal income tax withheld, $144…

Q: A worker is paid $10,000 per month and a dearness allowance of $2,000 p.m. Worker Contribution to…

A: Basic salary includes wages and dearness allowance. Contribution to provident fund is calculated on…

Q: Meadow Ltd plans to close a factory in 10 months' time, when it will terminate the employment of all…

A: Termination benefits provided as a result of an entity terminating employment should be recognized…

Q: A job pays an annual salary of $33,150, which includes a holiday bonus of $750. If paychecks are…

A: Paycheck-: A paycheck is a monthly salary or wage that a person earns in his or her job. It is…

Q: Carbon Neutral Inc. has four employees who work on an hourly basis and are paid semi-monthly. The…

A: Payroll The purpose of preparing the payroll worksheet which know the details of the total…

Q: gross earnings per pay period

A: Salary for a year (A) $68,000 Number of weeks in a year (B) 52 Gross earnings per week (C = A/B)…

Q: Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator.…

A: Breakin Away company has asked to compute Gross pay and Net pay by considering various factors like…

Q: STIMATED LIABILITY FOR VACATION PAY

A: Answer: Hourly Salary of Supervisor - P100 per hour Hourly Salary of Four workers = P320 per hour…

Q: The combined amount of the accruals for bonus, vacation, and holiday pay in the weekly payroll would…

A: 1) Calculate bonus: Bonus: $2,000 / 50 weeks = $40 per week 2) Compute vacation pay: Vacation pay:…

Q: Gonzalez Co. accrues the liability for vacation pay at the rate of pay in effect when the…

A: Total employees =90 8 hours day  12 days paid vacation.

Q: 12. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a…

A: Work-in-process account: This is the account that involves all those products which are yet not…

Q: A managerial employee has the following benefits: 13th month pay and other benefits - P50,000; De…

A: The calculation of total fringe benefits is as follows: Total fringe benefits = Excess de minimis…

Q: Your friend shows you a summary of her compensation for the year as follows: Basic salary Overtime…

A: Gross pay = Basic salary + Overtime + 13th month pay & Bonuses = P 985000 + 60000 + 190000 = P…

Q: Employees of Robert and Jesse Company are entitled to two weeks of paid vacation leave. In 2018, the…

A: It is pertinent to note that as per IAS 19 ( Employee benefits )  Employee benefits that fall due…

Q: 11. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a…

A: Senen's gross payroll will include his yearly salary, salary received for vacation leave, bonus…

Q: A mason works 6 days in a week and every day he works 11hrs. A base wage of OMR 18.25per hour is…

A: Given capacity of mason = 11 hours per day, 6 days per week Total working hours = 11 x 6 = 66 hours…

Q: G. E. Spring employs Trent Pelligrini at a salary of $46,200 a year. Spring is subject to employer…

A: Salary: Its an amount paid to the employee for rendering their services to the company. salary can…

Q: Mr Smith's annual salary is $45,000. His regular workweek consists of four 10-hour workdays. He is…

A: Biweekly and bimonthly can mean the same thing because of the prefix bi-, which here can mean…

Q: John McDonald is employed by Lee & Sterling. He is married, claims two withholding allowances, and…

A: Hourly rate for standard time: $16.97 Hourly rate for overtime : $16.97 x 1.50 = $25.46 Standard…

Q: Volpe Corporation has five employees who are all paid 1,020 per week. Compute the total FICA taxes…

A: Total payment to 5 employees=Income per week×5=1,020×5=5,100

Q: Mary Stine's regular hourly wage rate is $12, and she receives an hourly rate of $18 for work in…

A: Given the following information: Regular hourly wage rate: $12 Hourly rate for work in excess of 40…

Q: Sophie Gowna, 47 years old, works for an Ontario company with a Bi-weekly pay cycle. She earns $19…

A: Payroll The process of payment of payroll is an important aspect of the business as well.  Payroll…

Q: ed by ABC Corp. from April 1, 2020. He receives basic pay of Php 20,000 per month as compensation.…

A: 13th Month Pay calculation of Nicanor   Basic Pay            - Included…

Q: what is the estimated liability for bonus?

A: Estimated Liability for Bonus is recorded by the entity on the basis of expected wages of the…

Q: Tony is a salaried, non-exempt employee, who earns $40,200 for a standard 40 workweeks. During a…

A: Total normal hours in a year = 40×52 weeks=2,080 hours Normal pay per hour = $40,2002,080=$19.327…

Q: Determine the gross pay and the net pay for each of the three employees for the current pay period.…

A: Gross Pay:   The total amount such as salary, wages, commissions, overtime, and bonus paid by an…

Q: Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator.…

A: Computation is represented as below:

Q: How would I calculate hourly rate for a non exempt employee with hours past 40? How would I factor…

A: Question is asking how to calculate the hourly rate of overtime for non-exempt employees, let's…

Q: calculate her gross pay for the last pay period.

A: Solution:- Given, Whitney receives a semi-monthly salary of $2,800 and has 40-hour workweeks. So,…

Q: 5. Mr. Combate, a factory laborer earns P18,000 per month, and the company pays one month salary as…

A: Since you have specifically asked for question 5, we have answered the same for you. To get the…

Q: A union contract specifies that each worker will receive a 5% pay increase each year for the next 30…

A: Here the worker gets salary after the compounding of the interest rate. It means worker gets…

Q: 13. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a…

A: 13. The amount charged to the factory overheads account will be the fringe benefits given to the…

Q: For the pay period of 11/16 to 11/30 what would his regular and overtime hours be in the payroll…

A: Exempt employees are defined as employees that are generally exempt or not paid an hourly rate or…

Q: Hemal Thomas is an employee in British Columbia. The net pay calculation is for the first bi-weekly…

A: C

Q: Margaret's regular hourly wage rate is $20.and she receives  an hourly rate of $30 for work in…

A: Introduction: Salary: Salary is given to employees for rendering their services to the company.…

Q: An employee works 55 hours (55 - 40 were overtime hours) during a workweek in November of 2020. The…

A: Social security tax: Employee's pension and benefit for disability are secured through the social…

Q: Ms. Rose, a production worker earns P14,904 a month, and the company pays one month's salary as…

A: A liability is a debt owed by one company to someone or something other than the company's owner.…

Q: Joanne Leblanc works for Blossom Cosmetics in Alberta and is paid an annual salary of $58,886.00 on…

A: Joanne Leblanc works in Alberta Paid annual salary = $58886.00 Awarded bonus = $5525.00 Bonus will…

Q: Ms. Rose, a production worker earns P14,904 a month, and the company pays one month's salary as a…

A: SOLUTION- BONUS IS A FINANCIAL COMPENSATION THAT IS ABOVE AND BEYOND THE NORMAL PAYMENT EXPECTATION…

Q: Bramble Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in…

A: Gross salary = (40 hours x $20) + (45 hours  - 40 hours) x $30                     = $950 FICA taxes…

Q: Sophie Gowna, 47 years old, works for an Ontario company with a Bi-weekly pay cycle. She earns $19…

A: The process of payment of payroll is an important aspect of the business as well.  Payroll which…

Q: Swifty Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all…

A: Working:

Q: . Prepare the journal entry to record the sick pay earned in 2020. b. Prepare the journal entry to…

A: As per our protocol we provide solution to the one question or up to first three sub-parts only but…