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
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 $8.00 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 below.
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
1/2
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
2 1/2
Complete the following for the week: If required, round your answers to two decimal places. If an amount is zero, enter "0".
a.
fill in the blank 1 regular hours X $8.00 per hour
$fill in the blank 2
b.
fill in the blank 3 overtime hours X $12.00 per hour…
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 $8.00 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 below.
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
1/2
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
2 1/2
Complete the following for the week: If required, round your answers to two decimal places. If an amount is zero, enter "0".
a.
fill in the blank 1 regular hours X $8.00 per hour
$fill in the blank 2
b.
fill in the blank 3 overtime hours X $12.00 per hour…
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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- Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Employers OASDI Tax ________ Employers HI Tax ________arrow_forwardComputing 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…arrow_forwardComputing 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…arrow_forward
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