Preparing the Payroll Register
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:Problem 12-9 Preparing the Payroll Register
Showbiz Video has six employees who are paid weekly. The hourly employees are paid overtime for hours
worked over 40 in a week, at a rate 12 times their regular rate of pay. Employee information follows:
Employee
Mary Arcompora
Barbara Fox
Employee Number
105
Marital Status
Allowances
Married
Married
John French
Chris German
137
135
141
Single
Married
4.
David Ifkovic
139
129
Single
Married
Susan Tilbert
Mary Arcompora, the store manager, is paid a salary of $300.00 per week plus 1% of all rental
sales. Barbara Fox and John French, salespeople, are paid a salary of $200.00 per week plus a 6%
commission on all rentals from the "Oldies but Goodies" section. Chris German and David Ifkovic, office
workers, are paid an hourly wage of $7.25. Susan Tilbert, a stock person, is paid $7.40 per hour.
The payroll deductions include federal income tax, social security tax of 6.2%, Medicare tax of
1.45%, and state income tax of 1.8%. Chris German and Susan Tilbert have $12.50 deducted each week
for hospital insurance. German worked 41 hours, Ifkovic worked 38.5 hours, and Tilbert worked 34 hours.
During the week ending October 24, "Oldies but Goodies" rentals were $484.90 for Barbara Fox and
$641.70 for John French. Total rental revenue for the week was $3,917.30.
NO.141
NAME
Chris Cerman
449-XX-XXXX
Daoper 24, 20–
Soc sEC N
WEEK ENDING
CAY
0.7
0.7
80512:03 1:00 5:05
8:0012:05 1:10 5:00
9:05/12:05 1:15 6:05
8:3011:55 1:15 6:00
8:00 12:00 1:00 6:15
211 01

Transcribed Image Text: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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