You are in middle of a payroll cheque run, and are trying to add overtime hours for an employee, however that field is blocked. What could be reason for that? This SAGE version does not allow payment of overtime You did not add the overtime rate, at the time of adding the employee This employee is not entitled to any overtime. You possible erred when setting up income item
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- 1 porn You are in middle of a payroll cheque run, and are trying to add overtime hours for an employee, however that field is blocked. What could be reason for that? This SAGE version does not allow payment of overtime You did not add the overtime rate, at the time of adding the employee This employee is not entitled to any overtime. You possible erred when setting up income itemWhich of the following is true about employee pay methods? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) O Employees must request the transfer of payroll earnings to their paycard each period. Employees must be able to access the full amount of their net pay on the pay date. O Employees do not need to own a bank account to receive their pay via direct deposit. O Employers must keep a record of all pay disbursements.Which one of the following statements about payroll is incorrect – * a. you must record an hourly rate, salary or commission to process a paycheque b. the program calculates EI, CPP and Income Tax based on federal tax tables C. you must enter amounts for RRSP and Medical manually in the payroll journals d. the payroll ledgers do not have a single control account
- When an employer does not have a sophisticated time-keeping system, it is valid to accrue a percentage of wages at end-of-period based on:a. it is never valid to estimate an end-of-period adjustment.b. a percentage based on the previous period's payroll (for example. 4 out of 5 days = 80% x prior payroll).c. a percentage that external auditors provide the payroll clerk.d. a percentage suggested by the IRS.When an organisation recognises a provision and related expense for annual leave and a provision for long-service leave for its employees, the risk to employees that they will not be paid these amounts that have been provided is effectively zero. Is this true or false? Why?To determine how much to deduct from the gross pay of Jason Parker, an employee of Jensen Ltd., one would look at the earnings record. O Form TD1. O payroll register. O Form T4.
- Employees at Abreu Company have the option of carrying over or "cashing" in unused vacation days. Does the employer include the time or earnings when computing overtime for these nonexempt workers if they cash out?If a CPP amount is missing from a payroll journal entry, it is most likely that - Ono linked account is entered for CPP Payable the employee's date of birth was entered incorrectly CPP is not required in the province of employment all of the above are possible explanations for the missing amountFelipe's Mexican Restaurant incurred salaries expense of $59,000 for 2024. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $16,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,400), life insurance (cost to the company, $400), and retirement benefits (cost to the company, 5% of salaries expense). A (Click the icon to view payroll tax rate information.) More info Requirements For all payroll calculations, use the following tax rates and round amounts to the nearest cent: 1. Journalize Felipe's expenses for employee benefits and for payroll taxes. Explanations are not required. Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. 2. What was Felipe's total expense for 2024 related to payroll? Employer: OASDI: 6.2% on first $132,900 earned per…
- 1. Would it be a violation of a consumer credit protection act to suspend, demote, or transfer an employee who is subject to garnishment? 2. There are eight types of wage attachment do you think the order and percentage are fair 3. Do you think garnishment at one's job is effective, in paying back the debt?Recently, you have been recruited as a payroll accountant in a small company. The company did not have any ideas about the employer status for FUTA tax calculations. Based on your findings, the company is actually considered as an employer and is liable for FUTA tax for the entire calendar year. Advise the executives of the company regarding the quarterly deposits of FUTA taxes.What are the advantages of using ACH to process payroll as compared to paying employees by cheque.