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- 222 Chapter5 PROBLEM 4: MULTIPLE CHOICE- COMPUTATIONAL Mr. Juan, an employee, has a pay rate of P125 per hour, with time and a half for hours worked in excess of 40 during a week. If Mr. Juan works 60 hours during a week and has weekly deductions for SSS at a rate of 6%, PhilHealth at a rate of 1.5%, Pag-IBIG at P25, and withholding tax of 15% on salary after deductions of the required contributions, how much is Mr. Juan's net pay for the week? 1. a. 5,876 b. b. 6,757 c. 6,858 d. d. 7,023 С. ThK Pitt Accounting pays Peter Geller $97.290 per year Requirements 1. 2. What is the hourly cost to Pitt Accounting of employing Geller? Assume a 45-hour week and a 47-week year What direct labor cost would be assigned to Client 507 if Geller works 15 hours to prepare Client 507's financial statements? Requirement 1. What is the hourly cost to Pitt Accounting of employing Geller? Assume a 45-hour week and 47-week year Select the formula below that Pitt Accounting would use to calculate the hourly cost and complete the formula (Round the hourly cost to the nearest cent) Hourly cost Requirement 2. What direct labor cost would be assigned to Client 507 if Geller works 15 hours to prepare Client 507's financial statements? Select the fomula below that would be used to calculate the direct labor cost assigned to Client 507 and calculate that cost (Round the direct labor cost to the nearest cent). Direct labor costMathematics 8. Malik Boykin is paid $8.20 per hour and time and a half for any work over 40 hours per week. Find his total hours and gross pay for each week. W Th F Week of 3/10 5.5 9. 12 7 Week of 3/17 8 8.5 13 4.5 4
- Question 36 A company has daily purchases of $10,000 from its supplier. The supplier offers trade credit under the following terms: 3/20, net 50 days. The company finally chooses to pay on time (pay in the 50th day) but not to take the discount. We assume 365 days per year. What is the average level of the company’s free trade credit? ______ $30,000 $170,000 $200,000 $300,000 Question 37 Based on the information from Question 36, what is the average level of the company’s total trade credit? $170,000 $200,000 $300,000 $500,000 38 . Based on the information from Question 36, what is the average level of the company’s costly trade credit? $170,000 $200,000 $300,000 $500,000 Question 39 Based on the information from Question 36, what is the nominal annual cost of the firm’s costly trade credit? 28.6% 29.3% 33.5%…QUESTION 4 As the result of an unsolicited application, a large downtown hospital has offered you a position as a Unit Clerk. Unit Clerks earn an hourly rate of $23 with a 40-hour workweek. (You'll work 42.5 hours with a ½ hour unpaid lunch each day.) Anything over 40 hours/week is paid at the overtime rate of 1.5 times the regular rate. You would be guaranteed 4 overtime hours per week. You'd have to pay for parking at this hospital, at a rate of $276 per month. If you accepted this offer, what would your net annual earnings be?Question 4: Construction company XYZ has estimated the labor expenses for a foreman to be the following Calculate annual cost of this worker for the company and its % of mark up. Annual Salary 120000 Bounce 8000 Allowances 500 Social security Social security limit Medicare 6.20% 128700 1.45% Futa 0.60% Limit 7,000 SUTA Rate 3% SUTA Limit 7,000 Worker's comp. Rate $/$100 4.25 General Liability Rate 1.02% 401K 7% Health Insurance $/per month 375
- Q:13 During the first week of April 2010; Mr. X produced 800 articles, He receives wages. for a.guaranțeed 48 hours a week at 10 per-hour. The estimated time to produce one article is 16 minutes. Calculate his wages according to a) Halsey Premium Plan and "b) Rowan Premium Plan9 solve in 10 min plzPlz answer all the parts in 20 minutes plz it's very urgent
- Need help with 6a and 6bEmployees at Rayon Enterprises earn one day a month of vacation compensation (twelve days total each year). Vacation compensation is paid at an hourly rate of $45, based on an eight-hour work day. Rayons first pay period is January. It is now April 30, how much vacation liability has accumulated if the company has four employees and no vacation compensation has been paid? A. $1,440 B. $4,320 C. $5,760 D. $7,200Calculate payroll An employee earns 44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 51 hours during the week, determine the employees (A) gross pay and (B) net pay for the week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employees federal income tax withheld is 403
