Mickie is a regional supervisor who earns a base salary of $45.600 per year plus a 3% commission on all service contracts that she sells to existing customers. The company pays salaries on a semimonthly basis and contract commissions on a quarterly basis. As of June 30, Mickle had made $28,250 in contract sales for the second quarter. What will be her gross pay on her next pay date? (Do not round intermediate calculations. Round final answer to 2 decimal places.) Multiple Choice $1,900.00 $2.612.88 $2.74750

Marin Company began operations on January 2, 2019. It employs 11 individuals who work 8-hour days and are paid hourly. Each employee earns 9 paid vacation days and 7 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows. Actual HourlyWage Rate   Vacation Days Usedby Each Employee   Sick Days Usedby Each Employee 2019   2020   2019   2020   2019   2020 $11     $12     0   8   5   6 Marin Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned. prepare journal entries to record transactions related to compensated absences during 2019 and 2020. Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2019 and…

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Monty Company began operations on January 2, 2019. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 13 paid vacation days and 8 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is  as below: Actual Hourly Wage Rate 2019 2020  $                           13  $                         14   Vacation Days Used by Each Employee 2019 2020  $                            -    $                         12   Sick Days Used by Each Employee 2019 2020  $                             5  $                           7 Monty Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation…

Sheffield Company began operations on January 2, 2019. It employs 10 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 8 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows. Actual HourlyWage Rate   Vacation Days Usedby Each Employee   Sick Days Usedby Each Employee 2019   2020   2019   2020   2019   2020 $6     $7     0   9   6   7 Sheffield Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned. (a)   Correct answer icon Your answer is correct Prepare journal entries to record transactions related to compensated absences during 2019 and 2020. (If no entry is required, select "No Entry" for the account…

2. A. Luna is a sales agent. His official working hours is 8 hours a day, with a monthly salary of P33,000 (22 working days). For the month of August 2021, he has: a. 10 hours REGOT; b. 5 hours SHOT; c. 8 hours SHRDOT; d. 5 hours LHOT; e 7 hours LHRDOT. How much is his total over time pay? *

Ivanhoe Company has 60 employees who work 8-hour days and are paid hourly. On January 1, 2025, the company began a program of granting its employees 10 days of paid vacation each year. Vacation days earned in 2025 may first be taken on January 1, 2026. Information relative to these employees is as follows: Hourly Year Wages Vacation Days Earned by Each Employee Vacation Days Used by Each Employee 2025 $27.50 10 0 2026 29.50 10 8 2027 32.50 10 10 Ivanhoe has chosen to accrue the liability for compensated absences at the current rates of pay in effect when the compensated time is earned. What is the amount of the accrued liability for compensated absences that should be reported at December 31, 2027?

For the first week of May, Frank Taylor worked 33 hours. Frank earns $16.40 an hour. His employer pays overtime for all hours worked in excess of 40 hours per week and pays 1.5 times the hourly rate for overtime hours. Calculate the following for the first week of May (round your responses to the nearest cent if necessary): 1. Regular pay amount: $ 2. Overtime pay: $ 3. Gross pay: $

1. a) Differentiate vesting sick leave and non-vesting sick leave. b) Provide two examples of long-term employee benefits2. Dainty Ltd has an average weekly payroll of $200 000. The employees are entitled to 2 weeks',non-vesting sick leave per annum. Past experience suggests that 56% of employees will take thefull 2 weeks' sick leave and 22% will take 1 week's leave each year. The rest of the employeestake no sick leave.a) Calculate the expected annual sick-leave expense for Dainty Ltd (on the basis of averagesalaries).b) Provide the journal entry necessary to recognise the sick-leave entitlement expense as itaccrues each week.c) In the current week an employee with a weekly salary of $600 has been off sick for the firsttime this year. The employee took 2 days off out of her normal 5-day working week. Assumingthat PAYG tax is deducted at 30%, what would the entry be to record the employee's weeklysalary (round amounts to the nearest dollar)?

Carranza, a nonexempt salesperson with Verent Enterprises, earns a base annual salary of $31,750 with a standard 40-hour workweek. In addition, a 3 percent commission on all sales during the pay period applies. During the weekly pay period ending August 26, Carranza closed $26,400 in sales and worked 4 hours of overtime. Required:What is the gross pay for the period?Note: Do not round your intermediate calculations. Round your final answer to 2 decimal places. Gross pay: