FIN. ACC.:TOOLS F/BUS DECISION MAKING
FIN. ACC.:TOOLS F/BUS DECISION MAKING
9th Edition
ISBN: 9781119791089
Author: Kimmel
Publisher: WILEY
Question
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Chapter 10, Problem 10.5BE

(a)

To determine

Gross earnings

Gross earnings are a payment made to an employee for completion of work allocated by the company. Gross pay is computed by using normal hours worked by the employee with hourly wages rate. Other name of gross earnings is gross pay.

To compute: The gross earnings of using regular pay and overtime pay.

(b)

To determine

To compute: The net pay using gross earnings, FICA taxes payable and federal income taxes payable.

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FIN. ACC.:TOOLS F/BUS DECISION MAKING

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