An employee with an annual salary of $77278 is paid every month. What is the gross pay per pay period? Report your answer to two decimal places AND with correct units. Answer:
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- Calculate the gross earnings per pay period (in $) for the given pay schedule. (Round your answers to two decimal places.) Annual Salary Monthly Semimonthly Biweekly Weekly $ $ $ $625.00 $1.Calculate the gross earnings per pay period (in $) for the given pay schedule. (Round your answers to two decimal places.) Annual Salary Monthly Semimonthly Biweekly Weekly $ $1,900.00 $ $ $An employee has a net payroll amount of $5,064.50. What is the correct journal entry to record this payment on payday?
- Peter Jones is paid $13.76 per hour. During the past week, he worked 44 hours, and he is a covered employee who must be paid for overtime. Calculate his gross pay using the overtime premium approach. Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round your final answers to the nearest cent. a. Regular pay (44 hours) b. Overtime premium pay c. Gross pay $ $Cabrera Accounting pays Shanaya Kapoor $63,480 per year.(Round your answers to two decimal places when needed and use rounded answers for all future calculations).1. What is the hourly cost to Cabrera Accounting of employing Shanaya Kapoor? Assume it is a 31 hour work week and the work 50 weeks a year. Weeks per year ? Hours per week = Work hours per year = Yearly Rate ? Hours per year = Cost per hour = 2. What is the direct labor cost assigned to Client 123 when Shanaya Kapoor works 18 hours to prepare Clients 123 financial statements? Hours worked ? Rate per hour = Direct Labor Cost =Assume an employee has a gross pay of $500 and vacation pay is paid out at 4%. How much extra gross pay does the employee receive on their paycheque? Select one: a. $500 O b. $0 c. $20 d. $480
- 2. Calculate the EI and CPP for the following employees. Find the employer portion as well. a. Biweekly salary of 2000 b. Weekly salary of 11001 Calculate OASDI, HI, SUTA, & FUTA for the payroll period for an employee that earns $6,000 per week and has earned $138,000 so far. The SUTA rate to be used is 3.7% and 2021 wage bases and rates should be used.An employee earns $25 per hour and 2 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 48 hours during the week. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $239.15. a. Determine the gross pay for the week. b. Determine the net pay for the week. Round to two decimal places.
- Joseph Cavato is paid $12.96 per hour. During the past week, he worked 46 hours, and he is a covered employee who must be paid for overtime. Calculate his gross pay using the overtime premium approach. Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round your final answers to the nearest cent. a. Regular pay (46 hours) c. Gross payChoose the best definition of gross pay A. The number of hours over 40 that are worked in a week. B. A fixed amount of wages paid, usually on a yearly basis, regardless of how many hours are worked. C. The amount of money earned for a specific amount of time before any deductions are made. Cabrera Accounting pays Shanaya Kapoor $62,050 per year. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. What is the hourly cost to Cabrera Accounting of employing Shanaya Kapoor? Assume it is a 38 hour work week and the work 50 weeks a year. Weeks per year ? Hours per week = Work hours per year Yearly Rate ? Hours per year = Cost per hour = = 2. What is the direct labor cost assigned to Client 123 when Shanaya Kapoor works 17 hours to prepare Clients 123 financial statements? Submit All Parts Hours worked ? Rate per hour = Direct Labor Cost =
