Report #2 World Measurement

Question 4: Construction company XYZ has estimated the labor expenses for a foreman to be the following Calculate annual cost of this worker for the company and its % of mark up. Annual Salary 120000 Bounce 8000 Allowances 500 Social security Social security limit Medicare 6.20% 128700 1.45% Futa 0.60% Limit 7,000 SUTA Rate 3% SUTA Limit 7,000 Worker's comp. Rate $/$100 4.25 General Liability Rate 1.02% 401K 7% Health Insurance $/per month 375

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Take me to the text An employee had $24,300 in gross earnings up to February 20, 2021. She has the following information for her pay for the week ending February 27, 2021. Her employer contributes 100% toward CPP and 140 % toward El. Vacation pay is accrued at 4% of gross pay. Workers' Compensation is 1% of gross pay. Item Amount Hours 36 Hourly Rate $16.20 Income Tax $116.64 Canada Pension Plan $28.12 Employment Insurance $9.21 Union Dues $10.00 Charitable Donations $20.00 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order.

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

Q: If the Basic Salary of the employee is Rs.12000 Calculate the Total Gross Remuneration of that particular employee.

Question 6: Match each pay-related term with its definition. Pay period Annual pay amount DROP HERE Wage Pay rate typically paid on an hourly basis DROP HERE Workweek Can be any given, consistent seven days DROP HERE Salary Schedule the employer follows for paying employees DROP HERE Question 9: What is NOT a portion of an employer's payroll tax expense? Answer: A. O Federal unemployment tax В. O Social Security tax C. O Medicare tax D. O Federal income tax Question 10: Match each act with the year it was passed into law. 1996 Personal Responsibility and Work Opportunity Reconciliation DROP HERE 1938 Immigration Reform and Control DROP HERE 1986 Fair Labor Standards DROP HERE

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Eployees Salary Details Total Income Tax (12 Employee Total Hours Overtime Other Pay/Hour Overtime Gross Pay Net Pay Worked our Deductibles Name Hours Ahmad 150 10 SA000 SS52.00 S3.54.00 120 10 $2.0000 5340.00 S1.760.00 $2.54.00 S4.202.00 15 Fatima S25.0 180 20 S4.900.0 SSBL.00 1525 13.75 S1.2L.00 10 The employee with the max net salary is: Fatima 13 14 15 17 1- Build the table shown above exactly the same. (pay attention to the styling ex.Merged cells, Borders and alignment). 2- Name the worksheet as " Payroll". 3- Calculate the Gross Pay using the formula: ( Total hours worked * pay/hours + total overtime hours * overtime/hour) 4- Calculate the income tax using the formula ( income tax percentage * gross pay → 0.12*gross pay). 5- Add the other deductibles column as it is. 6- Calculate the net pay by using the formula ( gross pay - (income tax + other deductibles). 7- Merge the cells B10:E11) as shown. 8- Find the maximum and minimum values in net pay column and highlight them. 9.…

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 1100

Use the combined wage bracket tables, Exhibit 9-3 and Exhibit 9-4, to solve. Employee MaritalStatus WithholdingAllowances Pay Period GrossEarnings CombinedWithholding Reese, S. M 4 Weekly $1,211 $

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17. The following deductions are made from the salary of an employee.                                                                               DEDUCTIONS Income tax 35%National housing 2%Education tax 1% What is the total amount which should be deducted from her employee’s salary $1 800 per month? A. $486B. $648C. $684D. $846

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FIGURE 13-3 40. An employee earns a gross wage represented as W. The employee's payroll deductions are shown in Figure 13-4. What is the employee's net wage? Type of Deduction Amount of Deduction Federal Income Tax 0.22W Social Security 0.076W Health and Accident Insurance 0.065W Retirement 0.05W Miscellaneous 0.042W ⒸCengage Leaming 2013

A egcc.instructure.com Question 3 6 pt An employee has total gross wages of $7,000, federal withholding of 15% and state withholding of 5% Using this information, what is the correct journal entry for gross pay, federal and state withholdings, and FICA? Debit Credit FICA Payable Federal Withholding Payable State Withholding Payable Net Payroll Payable $535.50 $1,050.00 $350.00 $1,935.50 Debit Credit Wages Expense FICA Payable Federal Withholding Payable State Withholding $7,000.00 $535.50 $1,050.00 $350.00 Payable Net Payroll Payable $5,064.50 Debit Credit $535.50 FICA Payable Federal Withholding Payable State Withholding Payable Net Payroll Payable $1,050.00 $350.00 $5,064.50 Wages Expense $7,000 Debit Credit Wage Expense Net Payroll Payable $7,000.00 $7,000.00

Employee's Share = Annual Amount × Employee's Percent Total Amount Paid by Employee Deduction per Pay Period = Number of Pay Periods per Year 1. Ruth Lockwood earns $2,917 a month as a supervisor for Acme Steel. Her group medical coverage costs $6,240 per year. The company pays 75% of the cost of group insurance. a. Find the percent paid by Ruth. b. Find the total amount paid annually by Ruth. c. How much is deducted each month from her paycheck for medical insurance?

1 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.

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

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Compute the net pay for each employee and answer the additional requirements that follow: Deductions Employee Basic Pay SSS Philhealth Withholding Tax Ericka Bilango 40,300.00 581.30 550.00 100.00 P 3,933.84 Alani Ching 37,600.00 581.30 517.00 100.00 3,267.09 Audrey Tan 35,500.00 581.30 488.13 100.00 2,749.31 1. How much is the total Salaries Expense? 2. How much is the total payroll deductions? 3. How much is the total credit to Cash upon payment of salaries? Is this the same as the take-home pay? Pag-IBIG

14Employers are required to pay premiums for workers' compensation on: excess earnings total gross earnings total assessable earnings annual maximum assessable earnings

Wages Hours Gross Cumulative Social Employees Expense Regular Overtime Pay Earnings Unemployment Security Medicare B. Borke 40 480 0 480 12,192 0 480 480 E. Clarke 40 480 180 660 13,348 660 660 Totals $960 $180 $1,140 $25.540 $0 $1,140 $1,140 (a) What journal entry would be made to record the employer's payroll taxes on this hypothetical payroll? (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is centered. Do not indent manually.) Account Titles and Explanation (To record employer's payroll taxes on the payroll) List of Accounts Debit Credit

What is the taxable compensation income of an employee who received the following: Gross compensation income, before P44,000 Contribution to SSS, PHIC and HDMF... Additional compensation income.. 13h month pay and other benefits. ..P1,068,000 45,000 89,000

An employee earns $1580 a week, the deductions from the employee's pay cheque for El, CPP, and income taxes are equal to $195. The company must contribute an additional $111 for El and CPP. How much would the company record as total salary expense for the employee in this week? O $1580 • $1496 $1691 ⚫ $1886