In a firm, there were 750 employees on 1st April. During the month 120 employees were left and 250 employees were appointed. How many employees will be on the firm's payroll as on 30th April? 550 b. 630 C. 880 d. 1.000
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- 1) How much total cash will be paid to employees for the last week of November? 2) How much is Work in Process-Direct Labor? 3) How much will be charged to Factory Overhead Control in recording all employer contribution?Compute payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Computer Programmer Administrator $55 per hour Regular earnings rate Overtime earnings rate 2 times hourly rate Federal income tax withheld $452 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 46 hours and the administrator worked 50 hours. Assume that the social security tax rate was 6.0%, 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. When required round intermediate calculations and final answers to two decimal places. Computer Programmer Consultant Gross pay Net pay $6,000 per week Not applicable $1,380 $70 per hour 1.5 times hourly rate $642 Administrator25- Our company, which prepares its financial statements on a monthly basis, has leased its workplace on 01.08.2020 from 3.000 TL per month for 1 year. One-year rental fee and 18% VAT have been deposited into the bank account of the enterprise. Assuming that the financial statements are prepared on a monthly basis , in which account, how and in what amount is the rental income for the period January 2021-July 2021 recognized? a) 380 Revenues for the Next Months Hs .36.000 TL Creditor B) 380 Revenues for Future Months Hs. 12.000 TL Creditor NS) 380 Revenues for Future Months Hs. 12.000 TL Debt D) 480 Income for Future Years Hs. 21.000 TL Creditor TO) 480 Income for Future Years Hs. 21.000 TL Debtor
- The company had 50 workers in its factory payroll. In the month of February 2022, a worker Qais processed 200 units of a product working for 48 hours. The company give remuneration to its employees at an hourly rate of OMR 5.500 per hour worked. The estimated time to process one product is 6 minutes . Calculate the gross earnings of Mr Ahmed under Halsey and Rowan plan.The following data for Throwback Industries Employee Hours Worked Hourly Rate Aaron 46 $68.00 $750 20 Cobb 41 Clemente 48 DiMaggio 35 Griffey, Jr.. 45 Mantle 62.00 70.00 56.00 62.00 $1,800 Robinson 36 54.00 Williams 2,000 Vaughn 42 62.00 537.68 832.64 366.04 Inc. relate to the payroll for the week ended December 9, Weekly Salary Federal Income Tax U.S. Savings Bonds $100 110 120 0 641.84 130 342.45 382.56 398 24 584.72 120 130 125 50 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel All sales personnel are paid times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Instructions 1. Prepare a payroll summary for Throwback Industries Inc. for the week ended December 9. Round all calculations to the nearest cent. Use the following columns: Employee, Total Hours, Regular Earnings,…1. Paid $162,000 for salary up to 9th March (Tuesday). All employees work afive-day week and are paid every four weeks on the following Wednesday,based on the number of days they have worked in the last four weeks.Employees are entitled to full pay on public holidays but not on Saturdayand Sunday. The employees receive a total salary of $40,500 for a five-daywork week. 2. The employees receive a total salary of $40,500 for a five-day work week.All employees worked for the whole month of March. What are the double entries for these two point?
- During the first full week of 20--, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 10. In this problem, you will complete six of the forms in order to gain some experience in recording the different kinds of information required. Assume each employee earned the same weekly salary for each of the 52 paydays in 20--, the previous year. Using the following information obtained from the personnel and payroll records of the firm, complete Copy A of the last two Forms W-2 reproduced below. Also complete Form W-3. This is the second half of the problem that began with (PR.04.13A.Part1). You will need the data from the first four W-2s on Part 1, along with the two W-2s in this problem to complete the Form W-3. The form is to be signed by the president, Kenneth T. Ford, and is prepared by Ralph I. Volpe. Company Information: Address: 4800 River Road Philadelphia, PA 19113-5548…Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows: Name # ofAllowances MaritalStatus TotalHours Rate CumulativeEarnings B. Russo 0 S 44 $ 8.00 $ 8,300 P. Higgins 1 M 46 28.00 52,176 S. Minsky 2 S 40 9.00 18,560 A. Mendez 4 M 40 34.00 86,000 Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way. Number the checks beginning with 803. (Refer to Figure 8-4a and Figure 8-4b.) Required: 1. Complete the payroll register. Round your answers to the nearest cent. 2. Journalize the payroll entry. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank.Give answer within 45 min .....I will give you up vote immediately.... it's very urgent
- A review of the accounting records of Stuart Manufacturing indicated that the company incurred the following payroll costs during the month of March. Assume the company's financial statements are prepared in accordance with GAAP. 1. Salary of the company president-$31,200. 2. Salary of the vice president of manufacturing-$16,600. 3. Salary of the chlef financial officer-$17,900. 4. Salary of the vice president of marketing-$15,900. 5. Salaries of middle managers (department heads, production supervisors) in manufacturing plant-$194,000. 6. Wages of production workers-$937,000. 7. Salaries of administrative personnel-$105,000. 8. Salaries of engineers and other personnel responsible for maintaining production equipment-$173,000. 9. Commissions paid to sales staff-$252,000. Required a. What amount of payroll cost would be classified as SG&A (selling, general, and administrative) expense? b. Assuming that Stuart made 3,600 units of product and sold 3,240 of them during the month of March,…FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pays P97,200 a day in wages. How much is the accrued wages expense at the end of January?Sah