College Accounting, Chapters 1-27
23rd Edition
ISBN: 9781337794756
Author: HEINTZ, James A.
Publisher: Cengage Learning,
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Chapter 8, Problem 5SEB
To determine
Complete and fill the banks with payroll calculations for the week.
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Computing Net Pay
Tom Hallinan works for a company that pays its employees 1½ times the regular rate for all hours worked in excess of 40 per week. Hallinan's pay rate is $15 per hour. His wages
are subject to deductions for federal income tax, Social Security tax, and Medicare tax. He is married and claims five withholding allowances. Hallinan has a 12-hour lunch break
during an 8-hour day. His time card is shown.
Name
Tom Hallinan
Week Ending
March 30, 20-
Hours Worked
Day
In
Out
In
Out
Regular
Overtime
M
7:55
12:02
12:32
5:33
8
1
T
7:59
12:04
12:34 6:05
8
1½
W
7:59
12:05 12:35 4:30
T
8:00
12:01 12:30 5:01
1/2
F
7:58
12:02 12:31 5:33
8
1
S
7:59
9:33
11/2
Complete the following for the week:
regular hours x $15 per hour
overtime hours x $22.50 per hour
a.
b.
C.
Total gross wages
000
Computing Net Pay
Tom Hallinan works for a company that pays its employees 1½ times the regular rate for all hours worked in excess of 40 per week. Hallinan's pay rate is $11.50 per hour. His wages are subject to deductions for federal income tax, Social Security tax, and Medicare tax. He is married and claims five withholding allowances. Hallinan has a ½-hour lunch break during an 8½-hour day. His time card is shown.
Name
Tom Hallinan
Week Ending
March 30, 20--
Hours Worked
Day
In
Out
In
Out
Regular
Overtime
M
7:55
12:02
12:32
5:33
8
1
T
7:59
12:04
12:34
5:35
8
1
W
7:59
12:05
12:35
4:30
8
T
8:00
12:01
12:30
5:01
8
½
F
7:58
12:02
12:31
5:33
8
1
S
7:59
9:33
1½
Complete the following for the week:
a.
fill in the blank 1 regular hours × $11.50 per hour
$fill in the blank 2
b.
fill in the blank 3 overtime hours × $17.25 per hour
$fill in the blank 4
c.
Total gross wages
$fill in the blank 5
d.
Federal income tax…
Computing Net Pay
Mary Sue Guild works for a company that pays its employees 1½ times the regular rate for all hours worked in excess of 40 per week. Guild's pay rate is $13.00 per hour. Her wages are subject to deductions for federal income tax, Social Security tax, and Medicare tax. She is married and claims four withholding allowances. Guild has a ½-hour lunch break during an 8½-hour day. Her time card is shown.
Name
Mary Sue Guild
Week Ending
March 30, 20--
Hours Worked
Day
In
Out
In
Out
Regular
Overtime
M
7:57
12:05
12:35
4:33
8
T
7:52
12:09
12:39
5:05
8
½
W
7:59
12:15
12:45
5:30
8
1
T
8:00
12:01
12:30
6:31
8
2
F
7:56
12:05
12:34
4:30
8
S
8:00
10:31
2½
Complete the following for the week:
a.
fill in the blank 1 regular hours × $13.00 per hour
$fill in the blank 2
b.
fill in the blank 3 overtime hours × $19.50 per hour
$fill in the blank 4
c.
Total gross wages
$fill in the blank 5
d.
Federal income tax…
Chapter 8 Solutions
College Accounting, Chapters 1-27
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 - Prob. 1CP
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