Problem 3The Norman Company recently adopted an incentive plan. Factory workers are paidP7.50 per unit with a guaranteed minimum wage of P2,000 per week Following is areport on employees' productivity for the week ending May 19, 2019. All employeesworked the full 40-hour week.WEEKLY SUMMARYUNITS PRODUCED240EMPLOYEE'S NAMER CruzJ. BrionesC. DavidA. Mendoze286275240F. Rivera225R. Tolentino285Required:1. Compute each employee's gross pay2. What amount should be charged to work in process?3. What amount should be charged to factory overhead control?

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Next Question Natalie Brody is a trainee insurance salesperson. She is paid a base salary of $431 a we commission of 1.2% on sales in excess of $25,000. Natalie had sales of $21,750 in the week of 5/12. 0.7% on sales above $15,000 up to $25,000, and a What were Natalie's gross earnings for the week of 5/12?
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Hours 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 $
An employer is subject to FUTA requirements when its wages paid for the quarter exceed: a. 51,300 b. 5,000 c. 1,500 d. 3,000
CengageNOWv21Online teachin X ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator=assignment-take&inprogress-false Calculate Payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Administrator Computer Programmer Consultant $50 per hour $36 per hour $2,510 per week Regular earnings rate 1.5 times hourly rate 2 times hourly rate Not applicable Overtime earnings rate $500 $253 $930 Federal income tax withheld 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 52 hours and the administrator worked 61 hours. Assume further that the social security tax rate was 6%, and the Medicare tax rate was 1.5 %. 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 week are…
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DATE OF PAY PERIOD ENDING 20- 20 PAYMENT NET СК. EARNINGS DEDUCTIONS EMPLOYEE MAR. TOTAL NAME ALLOW RATE SOC. SEC. FED. INC. STATE INC. HOSP. INS OTHERS TOTAL PAY NO. NUMBER STATUS HOURS REGULAR OVERTIME TOTAL MED. TAX TAX TAX TAX 10 2 3 6. 9. 10 11 10 12 11 13 14 13 15 14 16 17 15 18 16 17 18 25 12 7.
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7. ALGEBRA Tobias Gold sells computers al The Office Center. He is guaranteed a minimum salary of $1,959 per month plus 6.3 commISSIon on total sales. Ilo much in total sales does he need in order to have a gross pay for the month of $2,78184?

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