Complete the table below. Show the solution. Some companies pay overtime for all time worked over 8 hours a day. Use this method to complete the following payroll ledger. Overtime is paid at the time-and-a-halfrate.Hours workedTotal HoursReg.RateEmployeeSMThFReg.O.T.Rectra, J7.58109.257$11.88O.T RateGross EarningsEmployeeRegularOvertimeTotalRectra, J.$

The regular wages of an employee is the direct labor cost and overtime wages are overhead cost.

Answered: rate. Hours worked Total Hours Reg.…

rate. Hours worked Total Hours Reg. Rate Employee S M T Th F S Reg. O.T. Rectra, J. 7.5 8 10 9.25 7 $11.88 --- ..... O.T Rate Gross Earnings Employee Rectra, J. $ Regular Overtime Total

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter10: Payroll Register (pr)

Section: Chapter Questions

Problem 6R: In the space provided below, prepare the journal entry to record the November payroll for all...

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АCTIVITY 1.Some companies use the overtime premium method to determine gross earnings. Use this method to complete the following payroll ledger. Overtime is paid at the time-and-a-half rate for all hours over 40? O.T. Hours Worked Gross Earnings Total Reg. 0.T. Premium S Hours Rate Hours Rate Employee S M W TH F 0.T. Total 16. Averell, B. 10 9 8 5 12 7 51 $11.40 11 $5.70 $581.40 $62.70 $644.10 - 17. Brownlee, K. 7.75 10 5 9.75 8 10 $9.50 18. Carter, M. 12 11 8 8.25 11 $8.60 - |- 19. Parks, K. 8.5 5.5 10 12 10.5 7 $12.50 - 20. Parr, J. 10 9.75 9 11.5 10 $10.20
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Using the Payroll Journal (PRJ01) for XY Consumer Products, the Total Gross Pay is: $1,228.58 $1,218.58 $1,534.24 O $1,543.24
E3-12 Employees' earnings and taxes.A weekly payroll summary made from labor time records shows the following data for Pima Company: Hours Employee Classification Hourly Rate Regular Overtime Tu, H. Direct $12 40 2 Dante, J. Direct 12 40 3 Jamal, M. Direct 15 40 4 Marcus, L. Indirect 9 40 Alexander, T. Indirect 18 40 Overtime is payable at one-and-a-half times the regular rate of and is distributed to all jobs worked on during the period. A. Determine the net pay of each employee. The income taxes with- held for each employee amount to 15% of the gross wages. B. Prepare journal entries for the following: 1. Recording the payroll. 2. Paying the…
An employee has a net payroll amount of $5,064.50. What is the correct journal entry to record this payment on payday? Debit Credit $5,064.50 Wages Expense Cash $5,064.50 Debit Credit Net Payroll Payable $5,064.50 Cash $5,064.50 Debit Credit Cash $5,064.50 Net Payroll Payable $5,064.50 Debit Credit Cash $5,064.50 Wages Expense $5,064.50 MacBook Air 41M&AINY PILOT G-2 07 30 F3 F4 F5 F6 F7 F8 F9 FI & 4 6 7 8 9. 5 R
Employees’ earnings and taxesA weekly payroll summary made from labor time records showsthe following data for Pima Company:HourlyRateHoursEmployee Classification Regular OvertimeTu, H. Direct $12 40 2Dante, J. Direct 12 40 3Jamal, M. Direct 15 40 4Marcus, L. Indirect 9 40Alexander, T. Indirect 18 40Overtime is payable at one-and-a-half times the regular rate of payand is distributed to all jobs worked on during the period.a. Determine the net pay of each employee. The income taxes withheldfor each employee amount to 15% of the gross wages.b. Prepare journal entries for the following:1. Recording the payroll.2. Paying the payroll.3. Distributing the payroll. (Assume that the overtime premiumwill be charged to all jobs worked on during the period.)4. The employer’s payroll taxes. (Assume that none of theemployees has achieved the maximum wage bases for FICAand unemployment taxes.)
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Given the following data from the payroll register of Johnson Construction, prepare the journal entry to record payroll for the week ending May 20. Hours worked 44.5 Regular pay $400.00 Overtime pay 67.50 Gross pay 467.50 FICA taxes 35.76 Federal income tax 2.00 State income tax 4.00 United Fund 18.00 Insurance 6.00 Total deductions 65.76 Net pay ? Prepare the journal entry to pay payroll on May 28. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 15.25.) Account Titles and Explanation Debit Credit enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount…
Given the following data from the payroll register of Johnson Construction, prepare the journal entry to record payroll for the week ending May 20. Hours worked 41.5 Regular pay $400.00 Overtime pay 22.50 Gross pay 422.50 FICA taxes 32.32 Federal income tax 3.00 State income tax 4.00 United Fund 16.00 Insurance 6.00 Total deductions 61.32 Net pay ? Prepare the journal entry to pay payroll on May 28. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 15.25.) Account Titles and Explanation Debit Credit enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount…
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Bart Consulting Firm has the following payroll information for the week ended March 20th: Name Earnings at the end of the previous week Sun. Mon. Tues. Wed. Thurs. Fri. Sat. Pay Rate Federal Income Tax Lauren, F 14,400 8 8 8 8 8 30.00 222.52 Baylor, M 12,000 8 8 8 8 8 25.00 178.55 Lims, T 7,200 8 8 8 8 8 15.00 78.00 Tate, C 6,000 8 8 8 8 8 15.00 62.00 Musker, J 4,320 8 8 8 15.00 15.00 Mako, W 3,888 8 8 8 13.50 11.00 Additional Information: Taxable earnings for Social Security are based on the first $132,900. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. Employees are paid time-and-a-half for work in excess of 40 hours per week. Round amounts to the nearest penny. What you must do: Complete the attached Payroll Register (Excel Spreadsheet). Use the following information to help: The Social Security tax rate is 6.2 percent. The Medicare tax…
Problem 2. A weekly payroll summary made from time tickets shows the following data: A weekiy payroii su mai y mauv uv .- Exemption Status S Number of Hours Classification Direct Direct Rate/Hour Regular Overtime Employee Austria, B. Bautista, D. De Santos, M. Motus, R. Reyes, A. P. 36 40 36 40 3 ME МЕ-2 HF - 4 45 40 Direct Indirect Indirect 30 40 30 40 HF Overtime is payable at one-and-a-half times the regular rate of pay for an employee. Required a) Prepare journal entries for: • recording the payroll. > payment of the payroll. • distribution of the payroll. • the employer's payroll taxes.