College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN: 9781305666160
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 8, Problem 10SPB
To determine
Complete an employee earnings record for Employee W.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Use the information below to complete the first quarter Employee Earnings Record for Linda
Morris. Linda is a sales manager and she is a salaried employee. Her social security number is
345-44-8577. The weekly pay period ended February 15, 2009.
Earnings
Deductions
United
Employee Employee Marital No. of Regular Overtime
Health
Way Insurance
No.
Name
Status
Allowances
Morris,
$789.0
121
S
1
Linda
0
Moyer,
$845.0
122
M
4
$36.00
$36.00
Elizabeth
0
Nethers,
$978.0
123
M
2
$78.00
$48.00
Porter
0
Russ,
124
S
0
$576.0
0
$28.00
George
EARNINGS RECORD FOR QUARTER ENDED
Employee No.
Marital
Withholding
Last Name
First
Social Security No.
Position
Rate of Pay
Pay Period
Earnings
Accumulated
Earnings
2,367.00
No Ended
Overtime Total
Medicare Other Total
Federal Social
Income Security
Tax
Tax
Regular
Status
Deductions
Deduction
$15.00
$25.00
Allowances
Net Pay
Additionally, what is the net paycheck for Ashely, and what are the gross wages for Luke?
Thank you so much!
Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below.
Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts
listed below for a weekly payroll period.
Name and Position
Zena Vertin, Office
Nicole Norge, Sales
Bob Mert, Delivery
Audrey Martin, Partner
Beth James, Partner
Employer's QASDI Tax
Employer's Hi Tax
S
Salary
$ 700 per week
2,980 per month
650 per week
950 per week
950 per week
Totals
5
OASDI Taxable
Earnings
OASDI
Tax
HI
Taxable Earnings
HI
Tax
Chapter 8 Solutions
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Ch. 8 - Prob. 1TFCh. 8 - Prob. 2TFCh. 8 - Prob. 3TFCh. 8 - Prob. 4TFCh. 8 - A payroll register is a multi-column form used to...Ch. 8 - Prob. 1MCCh. 8 - Prob. 2MCCh. 8 - Prob. 3MCCh. 8 - Prob. 4MCCh. 8 - Social Security Tax Payable and Medicare Tax...
Ch. 8 - Prob. 1CECh. 8 - Prob. 2CECh. 8 - Prob. 1RQCh. 8 - Prob. 2RQCh. 8 - Identify the four factors that determine the...Ch. 8 - Prob. 4RQCh. 8 - Prob. 5RQCh. 8 - Prob. 6RQCh. 8 - Prob. 7RQCh. 8 - Prob. 8RQCh. 8 - Prob. 9RQCh. 8 - Prob. 10RQCh. 8 - Prob. 1SEACh. 8 - COMPUTING OVERTI ME RATE OF PAY AND GROSS WEEKLY...Ch. 8 - Prob. 3SEACh. 8 - CALCUL ATING SOCIAL SECURITY AND MEDICARE TAXES...Ch. 8 - Prob. 5SEACh. 8 - JOURNALIZING PAYROLL TRANSACTIONS On December 31,...Ch. 8 - PAYROLL JOURNAL ENTRY Journalize the following...Ch. 8 - Prob. 8SPACh. 8 - PAYROLL REGISTER AND PAYROLL JOURNAL ENTRY Mary...Ch. 8 - EMPLOYEE EARNINGS RECORD Marys Luxury Travel in...Ch. 8 - COMPUTING WEEKLY GROSS PAY Manuel Sotos regular...Ch. 8 - Prob. 2SEBCh. 8 - Prob. 3SEBCh. 8 - CALCULATING SOCIAL SECURITY AND MEDICARE TAXES...Ch. 8 - Prob. 5SEBCh. 8 - JOURNALIZING PAYROLL TRANSACTIONS On November 30,...Ch. 8 - PAYROLL JOURN AL ENTRY Journalize the following...Ch. 8 - Prob. 8SPBCh. 8 - Prob. 9SPBCh. 8 - Prob. 10SPBCh. 8 - Prob. 1MYWCh. 8 - Prob. 1ECCh. 8 - Prob. 1MPCh. 8 - Irina Company pays its employees weekly. The last...
Knowledge Booster
Similar questions
- EMPLOYEE EARNINGS RECORD Marys Luxury Travel in Problem 8-9A keeps employee earnings records. Andrew Cole, employee number 62, is employed as a manager in the ticket sales department. He was born on May 8, 1986, and was hired on June 1 of last year. His Social Security number is 544-67-1283. He lives at 28 Quarry Drive, Vernon, CT, 06066. REQUIRED For the week ended March 22, complete an employee earnings record for Andrew Cole. (Insert earnings data only for the week of March 22.)arrow_forwardEmployee Earnings Record Mary's Luxury Travel uses a weekly federal income tax withholding table. Refer to Figure 8-4 in the text. The payroll data for each employee for the week ended March 22, 20-, are given. Employees are paid 1½ times the regular rate for working over 40 hours a week. Name Bacon, Andrea Cole, Andrew Hicks, Melvin Leung, Cara Melling, Melissa No. of Allowances 4 1 3 1 2 Marital Total Hours Status Worked Mar. 16-22 44 40 M S M S M 44 36 40 Earnings Rate $14.00 15.00 13.50 14.00 14.50 Total Earnings Jan. 1-Mar. 15 $6,300.00 6,150.00 5,805.00 5,600.00 5,945.00 < Social Security tax is withheld from the first $128,400 of earnings at the rate of 6.2%. Medicare tax is withheld at the rate of 1.45%, and city earnings tax at the rate of 1%, both applied to gross pay. Bacon and Leung have $15 withheld and Cole and Hicks have $10 withheld for health insurance. Bacon and Leung have $20 withheld to be invested in the travel agency's credit union. Cole has $38.75 withheld and…arrow_forwardQuestion: James Cook works as a cleaner at stock cruises company Limited. during a week, he worked for the following hours. *Monday - 9 hours *Tuesday - 8 hours *Wednesday - 10 hours *Thursday - 4 hours *Friday - 8. 5 hours *Saturday - 5 hours *James hourly rate is $3.50 * He is entitled to 1 hour paid lunch every day. *James normal working hours is 8 hours per day from Monday to Friday *if he works for any hours more than that, he is entilted to receive overtime wages, that is, time and a half. *Saturday and Thursday were a public holiday. Thus, James is entitled to receive double time wages. *From the weekly wages of James, his deductions includes 6% contributions towards a superannuation of his choice, $10 to medical insurance, $8 to a union of his choice, and a direct deposit of $20 as bank loan. reqiured: please answer this question by;; a) Prepare journal entries to record the salary and wages expenses and the payment of liabilities (if any)arrow_forward
- Question: James Cook works as a cleaner at stock cruises company Limited. during a week, he worked for the following hours. *Monday - 9 hours *Tuesday - 8 hours *Wednesday - 10 hours *Thursday - 4 hours *Friday - 8. 5 hours * Saturday - 5 hours * James hourly wages rate is $3.50. * he is entitled to 1 hour paid lunch every day. * James normal working hours is 8 hours per day from Monday to Friday. * if he works any hours more than that, he is entilted to to receive overtime wages, time and half. *Saturday and Thursday were a public holiday. Thus, James is entitled to receive double time wages . *from the weekly wages of James, his deductions includes 6% contributions towards a superannuation of his choice, $10 to medical insurance, $8 to a union of his choice, and a direct deposit of $20 as bank loan. reqiured: please answer this question by;; a) Calculate James net pay for the week.arrow_forwardYour company hired a new pipe-fitter for the upcoming year. The company owner would like for you to determine the hourly wage for this employee for upcoming jobs. What is the wage fully burdened wage hourly wage rate for the employee based upon the information below? • Base Wage Rate = $32.52/hour • 4 weeks of vacation, sick, and personal leave • Social Security = 6.2% on the first $132,900 • Medicare = 1.45% •FUTA = 0.6% on the first $7,000 SUTA 3.4% on the first $22,000 • Workers' Compensation = $9.77 per $100 • General Liability = 0.78% • Employer Paid Health Insurance = $600 per month • Retirement = 50% match on 7% of wagesarrow_forwardNeed help with 1 and 4, 4b)arrow_forward
- Computa K. Mella Company has three employees a consultant, a computer programmes, and an administrator. The following payroll information is available for each employer: Administrator Consultant $3,110 per week Computer Programmer $34 per hour Not applicable $925 2 times hourly rate $257 For hourly employees, overtime is paid for hours worked in excess of 40 hours per week For the current pay period, the computer programmer warked 55 hours and the administrator worked 63 hours Assume that the social security tax rats was 6.0%, and the Medicare tax rate was 1.5% Determine the pris pr and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. When required round intermediate calculations and final answers to two decimal places. Consultant Regular earnings rate Overtime earnings rate Federal income tax withheld Gross Day Net pay Computer Programmer 144 per hour 15 mes hourty rate $505 Administratorarrow_forwardFor large repair jobs, Joe the Plumber requires his customers to put down a 20% deposit one week in advance of the work’s completion. On January 15th, Joe receives $100 from a customer as a deposit for work to be later completed. What is the associated journal entry for this transaction?arrow_forwardJerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows: Name # ofAllowances MaritalStatus TotalHours Rate CumulativeEarnings B. Russo 0 S 44 $ 8.00 $ 8,300 P. Higgins 1 M 46 28.00 52,176 S. Minsky 2 M 40 9.00 18,560 A. Mendez 4 M 40 34.00 86,000 Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way. Number the checks beginning with 803.arrow_forward
- Solve:arrow_forwardAmanda Autry and Carley Wilson are partners in A W Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Employers OASDI Tax ________ Employers HI Tax ________arrow_forwardToren Inc. employs one person to run its solar management company. The employees gross income for the month of May is $6,000. Payroll for the month of May is as follows: FICA Social Security tax rate at 6.2%, FICA Medicare tax rate at 1.45%, federal income tax of $400, state income tax of $75, health-care insurance premium of $200, and union dues of $50. The employee is responsible for covering 30% of his or her health insurance premium. A. Record the journal entry to recognize employee payroll for the month of May, dated May 31, 2017. B. Record remittance of the employees salary with cash on June 1.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- College Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,Century 21 Accounting Multicolumn JournalAccountingISBN:9781337679503Author:GilbertsonPublisher:Cengage
- Financial AccountingAccountingISBN:9781337272124Author:Carl Warren, James M. Reeve, Jonathan DuchacPublisher:Cengage LearningFinancial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:9781337679503
Author:Gilbertson
Publisher:Cengage
Financial Accounting
Accounting
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:Cengage Learning,