Answered: Fall is paid a biweekly salary of…

Fall is paid a biweekly salary of $937.50. Overtime is paid for hours beyond 40 in each workweek. One week, Fall works 3 hours overtime. Fall’s pay for this biweekly pay period is

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter2: Computing Wages And Salaries

Section: Chapter Questions

Problem 14PB: Carl La Duca earns 3,875 each month and works 40 hours each week. Compute: a. The hourly...

See similar textbooks

Related questions

Q: Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the…

A: Credit sales = Total sales - Cash salesCash sales = Total sales*30%

Q: a. The payback period of project A is years. (Round to two decimal places.) The payback period of…

A: Payback Period: It represent the period in which our initial investment will be paid back by the…

Q: Suppose you have borrowed $15,300 for school expenses at 7% simple interest for 6 years. Part 1 of 4…

A: we need to calculate the interest for each year and add it to the previous year's…

Q: Nueva Company reported the following pretax data for its first year of operations. Net sales Cost of…

A: Under FIFO (first in first out) method of inventory valuation, inventory which…

Q: American Food Services, Inc., leased a packaging machine from Barton and Barton Corporation. Barton…

A: A lease is a legal agreement between two parties. The lessor provides transfers of the assets and…

Q: Required: Prepare the journal entry to record the transaction for Company A and B

A: At the time of exchange of Asset, business entity derecognize its old asset and record new asset.

Q: repare a corrected income statement, including the appropriate per share disclosures. (R JAL

A: In income statement it shows the company's revenues, expenses and profit/loss at a given time…

Q: Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) Calculate the following: Click here to…

A: Answer:- MACRS (Modified Accelerated Cost Recovery System) meaning:- The U.S. uses the MACRS method…

Q: Required information [The following information applies to the questions displayed below.] Shadee…

A: The budget is prepared to estimate the cost for the period. The direct materials budget is prepared…

Q: Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 691,000…

A: Desired ending inventory refers to the targeted quantity or value of goods or products that a…

Q: Discuss the differences between cash basis accounting and accrual basis accounting. What are the…

A: The fundamental principle of accrual basis accounting is the matching principle, which aims to match…

Q: Concord Corporation's accounting records reflect the following inventories: Raw materials inventory…

A: The Sum of Direct Materials and Direct labor comes out to be Prime cost of the product and after…

Q: Pharoah Company expects to produce 1,207,200 units of Product XX in 2022. Monthly production is…

A: By creating a monthly flexible manufacturing budget, companies can better plan and control their…

Q: Education Publishing Company has the following information available for August. Cost Information .…

A: The contribution margin is the amount of profit available to the company after allowing the total…

Q: Granfield Company is considering eliminating its backpack division, which reported a loss for the…

A: An entity may have multiple divisions. The company can decide to eliminate the division which is…

Q: Required: Prepare a pension spreadsheet to show the relationship among the PBO, plan assets, prior…

A: Pension refers to the sum of money to be paid each month to the employee after his retirement by the…

Q: Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains…

A: The variance analysis is used in cost accounting. The variance analysis help…

Q: On January 1, Pulse Recording Studio (PRS) had the following account balances. Accounts Payable…

A: Pulse RecordingDateAccountDebitCredit01-JanCash $ 2,51001-JanAccounts Receivable $…

Q: Assuming a perpetual inventory system and the last-in, first-out method: a. Determine the cost of…

A: The following inventory methods used for inventory valuation as follows under:--Specific…

Q: [The following information applies to the questions displayed below.j Leach Incorporated experienced…

A: Recording of journal entries is one of the initial step used in accounting cycle. After that,…

Q: Alpha Mechanical Corporation (AMC) is a calendar year, accrual method, C Corporation. AMC is engaged…

A: Under GAAP (Generally Accepted Accounting Principles), the revenue from the service contract should…

Q: a. If Canace Company, with a break-even point at $331,200 of sales, has actual sales of $480,000,…

A: The margin of safety is the difference between break-even sales and Actual Sales. Break-even sales…

Q: The following is the ending balances of accounts at December 31, 2024, for the Vosburgh Electronics…

A: Balance sheet is the financial statement that records all the assets, liabilities and stockholders'…

Q: The Leto Construction Company began work on a $12,000 contract on 1/1/20. Planned completion was in…

A: Contract costing is one of the important form of costing being used mainly for construction…

Q: Line following information applies to the questions displayed below.j Leach Incorporated experienced…

A: Balance Sheet -A Balance Sheet is a financial statement that includes Assets, Liabilities, and…

Q: On June 1 of the current year, Patti contributes equipment with a $45,000 basis and a $35,000 FMV in…

A: When partners contribute property to a partnership in exchange for a partnership interest, the…

Q: Cheese Factory Incorporated reported the following information for the fiscal year ended August 31,…

A: Cash flow statement is the financial statement that records all the cash inflow and cash outflow…

Q: During 2025, Carla Vista Inc. had sales on account of $785000, cash sales of $302000, and…

A: Accounts receivable is the amount of money to be paid by customers that are due to the organization…

Q: A corporation, which had 33,000 shares of common stock outstanding, declared a 4-for-1 stock split.…

A: The stock split does not effect the total shareholder's equity of the business. The number of shares…

Q: Sunland Company had checks outstanding totaling $11100 on its June bank reconciliation. In July,…

A: Outstanding check is the check which is issued by the company but not yet cleared by the bank.

Q: Miller Company reported the following information in its 2020 financial statements ($ in millions)…

A: Accounts receivable are the part of assets of the entity and are classified under the category…

Q: Question 6. Juicy Ltd produces and sells Fruit Juices. The company provides the following estimated…

A: Budgeting is the process to anticipate and plan the company's finances in advance.

Q: Using the information below, compute the raw materials inventory turnover Raw materials used…

A: An inventory turnover ratio is a type of financial ratio that shows the efficiency of a company in…

Q: The managers of Sandusky Inc. have decided to use the month of January to determine the cost of…

A: Overhead can be allocated/calculated on the basis of Traditional ApproachActivity based…

Q: Materials used by the Instrument Division of Ziegler Inc. are currently purchased from outside…

A: Transfer pricing is significant because it can impact tax planning, financial reporting, and…

Q: Explain if using volume-based cost drivers are relevant in the costing systems of 21st-century…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: At December 31, 2018, the Accounts Receivable balance of Questor Application Inc is $190,000. The…

A: Allowance for uncollectible accounts represents a contra-asset account and is reflected as a…

Q: The following summary transactions occurred during the year for Bluebo Cash received from:…

A: A CFS (cash flow statement) is a company's financial statement that shows the total flow of cash…

Q: Please do not give solution in image format thanku

A: Meaning of Balance Sheet:-A balance sheet is a financial statement that provides a snapshot of a…

Q: Karim Corporation requires a minimum $8,400 cash balance. Loans taken to meet this requirement cost…

A: Budget means the expected value of future. Budget will be compared with actual value and variance is…

Q: Sue's 2022 net (take-home) pay was $23,205. Her only payroll deductions were for payroll taxes and…

A: Lets understand the basics.The employee's earnings, before taxes and withholdings, are referred to…

Q: Paul has two residential rental properties that are mortgaged. Both properties are in Class 1 with a…

A: The capital cost allowance (CCA) is an annual deduction in the Canadian income tax code that can be…

Q: E8-10 (Algo) Preparing Budgeted Income Statement [LO 8-3h] Each shade requires a total of $65.00 in…

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: Gates is paid a semimonthly salary of $900.00. Overtime is paid for hours beyond 40 in each…

A: An employer determines and records the amount of hours an employee works within a pay period, during…

Q: Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash…

A: Dividends are the earnings or profits of the entity which are distributed by it to the shareholders…

Q: Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive…

A: The Stockholder's equity includes the issued shares and Retained earnings of the business. The…

Q: Select the most correct answer: A vehicle, which is classified as property plant and equipment…

A: Impairment of assets refers to a reduction in the value of an asset, typically a long-term asset,…

Q: Sunland Inc. produces three separate products from a common process costing $100,100. Each of the…

A: Further processing decisions in costing are important for accurately determining the cost structure…

Q: The Gourmand Cooking School runs short cooking courses at its small campus. Management has…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: The payback period in years Pounded to 2 decimal places for Project is

A: Payback Period is a measure, which measure the period, in which our initial investment will be paid…

Question

Fall is paid a biweekly salary of $937.50. Overtime is paid for hours
beyond 40 in each workweek. One week, Fall works 3 hours overtime.
Fall’s pay for this biweekly pay period is

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Calculation

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Connie Gibbs collected a 2,000 bonus for her departments safety record for the year (52 weeks). During that year, Gibbs worked an average of 44 hours each week. Calculate the extra overtime pay due Gibbs for that year. Extra overtime pay...................................... _______
Carl La Duca earns 3,875 each month and works 40 hours each week. Compute: a. The hourly rate________ b. The overtime rate at time and one-half________
Barbara Ripa receives 695 for a regular 40-hour week and time and one-half for overtime. For a workweek of 45 hours, compute: a. The regular earnings________ b. The overtime earnings________ c. The total earnings________
Cal DiMangino earns 2,875 each month and works 40 hours each week. Compute: a. The hourly rate________ b. The overtime rate at time and one-half_______
Elder is paid a monthly salary of $2,250. Overtime is paid for hours beyond 40 in eachworkweek. One week, Elder works 7 hours overtime. Elder’s gross pay for the week is
Gates is paid a semimonthly salary of $900.00. Overtime is paid forhours beyond 40 in each workweek. One week, Gates works 63⁄4 hoursovertime. Gates’ pay for this semimonthly pay period is
Mr Smith's annual salary is $45,000. His regular workweek consists of four 10-hour workdays. He is eligible for overtime at one and a half times worked in excess of 10 hours per day or 40 hours per week. Determine his gross earnings in a pay period if he is paid semimonthly, if he is paid biweekly, if he works 6 hours of overtime in a biweekly pay period.
Robin Market works for Cycle Industries. Her pay rate is $14.50 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 20X1, Robin worked 42 hours. She is married and claims three withholding allowances on her W-4 form. Robin's cumulative earnings prior to this pay period total $32,000. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Figure 10.2b) 4. Health and disability insurance premiums, $180 5. Charitable contribution, $25 Required: 1. Compute Robin's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31. Analyze: Based on Robin's cumulative earnings through December 31, how much overtime pay did she earn this year? Complete…
Gabriel receives an annual salary of $74,300; he is paid monthly, and his regular workweek is 38 hours. a) Calculate his regular pay per payment period. $ b) Calculate his hourly rate of pay. $ c) If his overtime rate is double the regular pay, calculate the overtime rate of pay. $ d) What is Gabriel's gross pay for a pay period in which he worked 13 hours overtime at double regular pay? $
Whitney receives a semi-monthly salary of $2,800 and has 40-hour workweeks. If she worked 10 hours overtime during her last pay period and her overtime factor is 112112 (time-and-a-half), calculate her gross pay for the last pay period.
Trish worked from May 10 to 14, 2021 for 50 hours during the week for a 40-hours week, as per contract. The regular rate is P120 per hour and is paid P24 per hour for overtime. She also works during regular holiday, May 13, 2021, in celebration of the Eid’l Fitr for 10 hours. For the regular holiday, she was paid double including the overtime. How much should be charged to the following: Work in process Factory overhead control Total payroll
Paul Curcio earns $7.35 per hour for regular time up to 40 hours, time-and-a-half for overtime, and double time for working on holidays. Find his gross pay (in $) if he worked 6 holiday hours for a total of 58 hours Monday through Saturday. $