Lana Reid is an accounting clerk at tenity enterprise who is paid $8.64 per hour. During a week's pay period, she worked 39 hours and 51 minutes. Based on a hundredth- hour pay method, what us her gross pay for the period? (Do not round your intermediate calculations. Round the final answer to 2 decimal places.) ER 3 EXERCISES OSevedHelpSeve & ExitCheckExercise 3-6A (Algo)Lana Reid is an accounting clerk at Tenity Enterprises who is paid $8.64 per hour During a week's pey period, she worked 39 hours and 51 minutes. Based on ahundredth-haur pay method, what is her gross pay for the period? (Do not round youur intermediete calculetions. Round the final answer to 2 decimal places.)ppedBookMultiple CholcePrintferencesS344.30$343 92$34398$34471McGrawHill< Prev2 of NNex >86°F Partly sunny O A deType here to search

Gross wage is the total earnings a worker earns during a pay period. The gross wage depends on the…

Lana Reid is an accounting clerk at tenity enterprise who is paid $8.64 per hour. During a week's pay period, she worked 39 hours and 51 minutes. Based on a hundredth- hour pay method, what us her gross pay for the period? (Do not round your intermediate calculations. Round the final answer to 2 decimal places.)

Lana Reid is an accounting clerk at tenity enterprise who is paid $8.64 per hour. During a week's pay period, she worked 39 hours and 51 minutes. Based on a hundredth- hour pay method, what us her gross pay for the period? (Do not round your intermediate calculations. Round the final answer to 2 decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Lucille receives an annual salary of $37,500 based on a 37.5-hour workweek. What are her gross earnings for a two-week pay period in which she works 9 hours of overtime at 112112 times her regular rate of pay? (Assume there are exactly 52 weeks in a year. Round your answer to the nearest cent.)
Janel is a nurse at Central City Hospital and is paid $31.75 per hour for a 40-hour standard workweek. During the biweekly pay period from January 10–21, Janel worked a total of 85 hours. Required:What is Janel's gross pay?Note: Round your intermediate calculations and final answer to 2 decimal places.
Robin Market works for Cycle Industries. Her pay rate is $14.50 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 20X1, Robin worked 42 hours. She is married and claims three withholding allowances on her W-4 form. Robin's cumulative earnings prior to this pay period total $32,000. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Figure 10.2b) 4. Health and disability insurance premiums, $180 5. Charitable contribution, $25 Required: 1. Compute Robin's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31. Analyze: Based on Robin's cumulative earnings through December 31, how much overtime pay did she earn this year? Complete…
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River Signorini works for New & Old Apparel, which pays employees on a semimonthly basis. River's annual salary is $195,400. Required: Calculate the following: Note: Round your final answers to 2 decimal places.
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Flower's employer pays time-and-a-half for all hours worked in excess of 8 hours per dayand double time for all hours worked on Sundays. Flower's regular hourly rate is $12 per hour.During the week, Flower worked the following hours: Monday, 8; Tuesday, 9; Wednesday, 9;Thursday, 10; Friday, 10; Sunday, 7. Calculate the total gross wages.a) $480.00.b) $534.00.c) $648.00.d) $702.00.e) $642.00.
Determine the gross pay for each employee listed below. When necessary, round intermediate calculations and the final answer to the nearest cent. Nicole Smith's yearly salary is $87,360.00. During the week, Smith worked 42 hours, and she is entitled to time-and-a-half for all hours over 40.
Swifty Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2022, are presented below. Employee Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Ben Abel 40 $14.00 $59.00 $5.00 Rita Hager 41 16.00 64.00 5.00 Jack Never 44 13.00 60.00 8.00 Sue Perez 46 13.00 62.00 5.00 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.6%. 1. Prepare a payroll register for the weekly payroll. No employee has reached the Social Security limit of $132,900 or the FUTA/SUTA limit of $7,000 2. Journalize the payroll on March 15, 2022, and the accrual of employer payroll taxes. 3. Journalize the payment of the payroll on March 16,…