In a recent pay period, Blue Company employees have gross salaries of $18,960. Total deductions are: CPP $886, EI $348, and income taxes $4,480. What is Blue Company’s total payroll expense for this pay period? Ignore vacation benefits and workers’ compensation premiums.

Q: An employee's rate of pay is $36 per hour, with time-and-a-half for all hours worked in excess of 40…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payrollrecords…

A:

Q: An employee's rate of pay is $36 per hour, with time-and-a-half for all hours worked in excess of 40…

A: Hey, since there are multiple questions posted, we will answer first three question. If you want any…

Q: Pharoah’s Potomac River Tours provides workers’ compensation insurance for its employees. The…

A: Formula: Compensation premium = Estimated Gross payroll  x  Premium rate  Multiplying gross payroll…

Q: As of December 31, Lynn Addie has not been paid for 15 hours of work, making $25 an hour.  In…

A: Accrued wages: $375Accrued employer payroll taxes: $44.44Explanation:To calculate the accrual for…

Q: What was the amount of net pay? Assuming Lightning Electronics also must pay $340 of unemployment…

A: Requirement 1:   Compute the net pay.

Q: Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records…

A: An organization's payroll costs not just incorporate the wages paid to the representatives. In the…

Q: Assume that the MUST Co. pays a weekly payroll. Using the portion of the Wage Bracket Withholding…

A:

Q: Assume that the MUST Co. pays a weekly payroll. Using the portion of the Wage Bracket Withholding…

A: The answer is $44.60.

Q: Rio Company pays time and a half for hour in excess of 40 hours per week. An individual is paid…

A: Weekly Earning of Employee: When we talk about "Weekly Earnings," we're referring to the typical…

Q: lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records…

A: Net pay means how much employee will receive after netting off all the payroll taxes.  Payroll costs…

Q: Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records…

A: 1.Formula for Net pay as shown below:Net pay = Gross pay - (Employee income tax + FICA taxes)

Q: How much is the total exclusion from gross income? Basic salary-P1,000,000;13th month pay and other…

A: Total Exclusion from Gross Income  Details Provided 1) Basic salary-P1,000,000 2) 13th month pay and…

Q: Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records…

A: Payroll expenses refer to the costs associated with compensating employees for their work. These…

Q: An employee receives a bi-weekly gross salary of $2,000. The employee's deductions include income…

A: calculation of the amount of salaries and employee benefit expenses - gross salary received by the…

Q: Cleene Division of Soaphen Corporation produces soap, 20% of which are sold to Bubbly Division of…

A: The net profit of a company is calculated by deducting the expenses from the sales revenues.

Q: Assume that social security taxes are payable at a 6% rate and Medicare taxes are payable at a 1.5%…

A: Employer payroll taxes constitute two elements, namely social security taxes and medicare taxes.…

Q: The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the…

A: Tax refers to the amount charged by the government from the individuals and organizations on the…

Q: Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records…

A: Payroll expenses refer to the costs associated with compensating employees for their work. These…

Q: The following information pertains to a weekly payroll of Fanelli Fashion Company:  a. The wages…

A: Payroll Accounting: The process of payroll accounting includes the computation and payment of…

Q: Workers' Compensation Insurance and Adjustment Specialty Manufacturing estimated that its total…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Neilson Company has monthly salaries of $36,000. Assume Neilson pays all the standard payroll taxes,…

A: Payroll, or simply payroll, refers to the procedure through which workers of a firm are paid for…

Q: Marin Company's gross pay for the week ended August 22 totalled $71,200, from which $3,880 was…

A: Payroll: It implies a process of making payment to the employees of the business in the form of…

Q: schedule showing the employer’s total cost of salaries and wages for November by function.

A: The total cost of employer includes the amount of salary and wages paid to employee along with…

Q: Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records…

A: Solution:- 1)Calculation of the amount of net pay as follows:- Amount of net pay = Employees earned…

Q: Runner Company incurred the following amounts for their most recent pay period for employee gross…

A: Lets understand the basics. Gross pay is an amount payable to worker for work before taking into…

Q: Assuming no employees are subject to ceilings for their earnings, Harris Company has the following…

A: Answer  The emploer payroll tax expense is sum of  Social Security tax  Medicare tax  Federal…

Q: The following information pertains to a weekly payroll of Texera Tile Company: 1. The total wages…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: An employee receives a bi-weekly gross salary of $2,000. The employee’s deductions include income…

A: calculation of the amount of salaries and employee benefit expenses - gross salary received by the…

Q: During one pay period, Star Valley Company distributes $137,500 to employees as net pay. The income…

A: Employee benefit costs, including but not limited to workers' compensation, health, life, or other…

Q: the current FUTA rate is 0.6% and the SUTA taxt rate is 5.4%. both taxes are applied to the first…

A: SUTA and FUTA are calculated on wages untill wages exceed $ 7000, Which means that if wages are less…

Q: The following information pertains to a weekly payroll of Texera Tile Company: a. The total wages…

A: Prepare journal entry to record payment of wages:

Q: Peyton Company's payroll for the year is $747,790. Of this amount, $468,730 is for wages paid in…

A: FUTA stands for Federal Unemployment Tax Act which imposes a liability on the employers to…

Q: The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the…

A: Formula to calculate total unemployment taxes (the empoyer must pay on this employee's wages):Total…