Answered: calculating gross earnings THe lw pay…

calculating gross earnings THe lw pay its employees on a hourly wage. Fing gross earings for each employee. Hours worked hours wage gross earnings pat 38 5.96 steve 23 5.50 mary 32 6.19

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: 1-record the regular hours worked for each employee, using the time clerks report as your reference.…

A: Wages and salary are the expense for the company and it is an income for the employees. Wages are…

Q: Which statement below accurately describes Hope's gross wages? COMPANY NAME Some Corporation 123…

A: The whole amount of compensation received by employees, whether on an hourly or monthly basis,…

Q: A Payroll consists of Basic Pay, Allowances, Gross Salary, Deductions and Net Salary. The…

A: Allowance is the part of the salary that is provided by the employer to their employees to meet the…

Q: Explain how to calculate the overtime hourly rate for employees who are paid biweekly. 2. How is…

A: Overtime: It is the time which shows the number of hours an employee has worked additionally for the…

Q: Ms. Glenda B. Robey prepares the time clerk's report for each pay period. Her report for the first…

A: Overtime: it is referred to any hours worked by an employee that exceeds their normally scheduled…

Q: Calculate Sam's gross pay (he is entitled to time-and-a-half). M T W Th F Total hours Rate per hour…

A: Gross Pay: It implies to the total salary or wages earned by the employees of a company before any…

Q: Question 6: Match each pay-related term with its definition. Pay period Annual pay amount DROP HERE…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: mployee earnings records for Oriole Company reveal the following gross earnings for four employees…

A: FICA:FICA= Federal insurance contribution actThe federal insurance contribution act is a known as…

Q: 3. Richard Corp has the following data for the third week of December: Employee Name Worked…

A: Wages means the amount paid to worker for producing the goods. Time wages rate means where wages are…

Q: nland Company has the following labor costs: Factory—Gross wages $540000 Factory—Net wages 440000…

A: Cost variance- A cost variance is a difference between the actual amount spent and the amount…

Q: Rate per hour = $1.50 per hour Time allowed for job = 20 hours Time taken = 15 hours. Calculate…

A: The effective annual interest rate is the return on an investment or the rate owed in interest on a…

Q: Next Question Find the overtime rate, the amount of earnings at regular pay, the amount at overtime…

A: Overtime Rate: A set rate of remuneration for time spent working more than the regular working…

Q: Computing Overtime Rate of Pay and Gross Weekly Pay

A: Gross pay is calculated by multiplying an employee's hourly rate or salary by the number of hours…

Q: 22222 b Employer identification number (EIN) 987654321 e Employer's name, address, and ZIP code…

A: Gross wages is the total wages, earned by an employee, before the tax deduction, benefits and other…

Q: Samar works in 350

A: An hourly rate is the amount of money you receive for working one hour.. You may need to calculate…

Q: mployee's Rates Matching Rates Paid by the Employer Self-Employed Rates 7.65% on first $118,500 of…

Q: Employees' earnings and taxes A weekly payroll summary made from labor time records sho the…

A: The process of recording business transactions in the books of accounts for the first time is known…

Q: Mary's Luxury Travel uses a weekly federal income tax withholding table. Refer to Figure 8-4 in the…

A: It is the record that provides complete payroll information of each employee on weekly basis. This…

Q: It is usually associated with employee compensation that is based on the number of hours worked…

A: As per the guidelines, only one question is allowed to be answered so I am answering the first…

Q: Q.19. Greenland Company pays the regular hourly rate for the first 40 hours worked and time and a…

A: 1) For the first 40 hrs, hourly rate is $122) For the next 6 hrs (46 hrs - 40 hrs) , rate is time…

Q: 7. Information below relates to Salih and Yaakob for a week. Salih Description Hours worked 30 hours…

A: The company pay wages to employee however it has the choice of which method to use to determine the…

Q: 2-3A • LO 4 See Example 2-7 on page 2-22 The hours worked and the hourly wage rates for five…

A: Labour cost can be defined as sum total of all wages which is to be paid to employees and also…

Q: Eployees Salary Details Employee Total Hours Overtime our Income Tas Other Peyour Overtime Grees Pay…

A: Payroll Preparation of Payroll is to decide the how much compensation to paid to the employees for…

Q: Question 3 Dave works as a mechanic. His payroll details are provided below. 1. Basic Working Hours:…

A: Lets understand the basics. Gross wages means a wages before considering any deduction. It is a…

Q: Q.2. From the following particulars ascertain thế lábour cost per day of 8 hours: 1. Basic.pay…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Kline Manufacturing has the following labor costs: Factory-Gross wages Factory-Net wages Employer…

A: Gross wage is the amount of wages earned by the employee. The net wages indicate the wages payable…

Q: Compute Payroll Floatin Away Company has three employees-a consultant, a computer programmer, and an…

A: Gross pay of the employees means regular earnings made by the employee and all overtime earnings…

Q: The following information as to earnings and deductions for the weekly pay period ended March 9 was…

A: The net pay is the pay which has been computed from the gross pay when the deductions are deducted…

Q: Name Pay Total per Hours Hour Worked Ex. P50 140 Kient Overtime Pay per Hour P75 Total Over- time…

A: Compensation/ Wages: The compensation to employees is a reward for services rendered by the…

Q: a. Determine the gross pay for the week. b. Determine the net pay for the week.

A: a. Compute gross pay for the week.

Q: The following date for Presco Inc. relate to the payroll for the week ended February 9: Employee…

A: A's overtime=Hours worked-Hours per week=52-40=12 hours

Q: Suppose Mondaire has $96,700 of income from work and is not self-employed. How much will Mondaire…

A: Introduction: FICA means the Federal Insurance Contributions Act. It is the legislation that forces…

Q: Exercises Compare the pay for the indicated period. 1. Yearly Job A $19,700 per year 2. Ye: Jot

A: Comparison the pay between JOB A and JOB B as under

Q: Hours and rate 42 hours worked at P40/hr Earnings to date P14.00 Overtime rate 1 and % times the…

A: 1. Normal Wages Are for 40 hours 2. Regular wages = 40 x 40 = 1,600 2. Overtime has been paid for 2…

Q: 2. Richard Corp has the following data for the third week of December: Employee Name Classification…

A: Here are the calculations for salaries and withdrawal.

Q: not use ai please don't

A: Step 1: Compute the total amount of salary expense.$2,600 + $2,400 + $1,800 + $2,000 = $8,800 Step…

Q: Need help solving this problem

A: AnswerExplanation:Step 1:Step 2: Step 3: Step 4:

Q: Describe the types of application control used for the following data in a payroll system.a.…

A: Payroll system:

Q: . Kelsey Newberg is a robotics technician. She earns $21.50 per hour for 40 hours and time and a…

A: Hi student Since there are multiple questions, we will answer only first question

Q: Employee Filing Status No. of Withholding Allowances Gross Wage or Salary Percentage Method…

A: Solution A Wage is compensation paid to employees for work for a company during a period of time.

Q: 1.2 Use the information given below to calculate the labour cost to Yolo Enterprises in respect of…

A: Rand to Rand basis means that for every rand paid by Henry, company will also contribute a rand.

Q: Regarding the labor costs, one company shown the following annual data per employee: Gross Annual…

A: The payroll expense includes the amount paid to workers and any other payroll related liability. The…

Q: to e un for at se en food and was a tea

A: Payroll taxes are mandatory contributions levied on employers and employees based on wages or…

Question

calculating gross earnings

THe lw pay its employees on a hourly wage. Fing gross earings for each employee.

Hours worked hours wage gross earnings

pat 38 5.96

steve 23 5.50

mary 32 6.19

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

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 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

Employee No. Employee Name Filing Status No. Of Withholding Allowances Gross Wage Salary Amount to be Withheld 1 Fox, A. MFJ N/A $1575 weekly 2 Aiken, T. S N/A $1200 biweekly 3 Larey, P. MFJ N/A $1090 semimonthly 4 Wolf, M. MFJ N/A $8120 monthly
Choose 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.
Computing Overtime Rate of Pay and Gross Weekly Pay Marcos Putnam receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Putnam's overtime rate of pay. overtime pay per hour b. Calculate Putnam's total gross weekly pay if he works 45 hours during the week. %24 %24
1.The following information is applicable to a weekly paid employee for JQ Ltd Normal working week (5 days) 40hoursNumber of hours worked 45 hours normal remuneration rate R5 Overtime rate R7 Pension Fund (based on remuneration) Employer’s contribution 5%Employee contribution 2%Medial Aid Fund R50 PAYE (based on taxable income) R10%UIF R10 1.1)Calculate employee net salary for the week
Check Your Progress 1 If you are a company's full-time employee, what tax do you pay for earning your salary? Answer area
Y.19.
QUESTION 9 If an employee makes $14 per hour and they work 52 hours in a given week what would be their gross pay for that week including overtime pny? O 802 812 O 728 O 712 QUESTION 10 GTH Engineeriog has two employees. The payroll register for 12/7/21 reveals the folowing information Prev.YTD Eamings $114,300 Gross Pay $5.270 Rebecca Willams James Kitle $77 A80 $191,780 $3,040 Totals $8,310 How much of the two employees gross pay would be considered FICA OASDI taxable, assuming the OASDI Cap is $117,000. O $5,610 O $2.700 O $5,270 $8,310
Which of the following accounts represents the "take-home pay" or "net pay" related to employees? EMPLOYEE BENEFITS PAYABLE OPAYROLL TAX EXPENSE SALARY EXPENSE SALARY PAYABLE TO EMPLOYEES
choose the correct answer
Using job order costing in a service company Roth Accounting pays Jack Smith $90,000 per year.</p><p> Requirements What is the hourly cost to Roth Accounting for employing Smith? Assume a 30-hour week and a 50-week year. What direct labor cost would be assigned to Client 507 if Smith works 15 hours to prepare Client 507’s financial statements?
Kline Manufacturing has the following labor costs. Factory - Gross wages = $195,000 Factory - Net wages = $160,000 Employer Payroll Taxes Payable = $25,000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for what amount?
Sir please help me sir urgently I give upvote definitely