A job pays an annual salary of $33,150, which includes a holiday bonus of $750. If paychecks are issued twice a month, what is the gross amount for each paycheck?
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A: Calculate the salary per week:
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A: L. Computation of the total deductions: = (Federal + Provincial) = $10,783.01 + $12,298.01 =…
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A: Given, Annual Salary of employee = $1483.41*22 = $32,635.02 Salary per day = Annual salary / No.of…
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A: Vacation Pay: A vacation pay is a fringe benefit that are given to the employees of a company. It…
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A: Since there are multi sub-parts, we will solve first three for you. To get the remaining sub-parts…
Q: Marcos Putnam receives a regular salary of $3,120 a month and is paid 1½ times the regular hourly…
A: Introduction: Overtime pay: Extra pay for the extra hours worked above the cutoff hours.
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A: The accrued wages are the wages that are due to be paid but not paid during the period.
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A: Salaries expense is the addition of regular and overtime earnings and then various deductions are…
Q: Peter Works in a Month for 22 Days. Wage rate per hour is $ 15 Every day Peter works for 8 Hours.…
A: Formula used : Monthly salary = Number of hours worked x Wage rate per hour
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A: Calculate the annual salary of Employees LR, RB, & GL.
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A: Following is the answer to given question
Q: hat is the total liability for bonus, vacation and pension?
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A: overtime for normal days=1.5x overtime for holidays=2x
Q: overtime premium
A: Overtime premium is the excess wage paid in addition to regular wages.
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A: Introduction As per relevant standard payroll expense should include the bonus pay and the vacation…
Q: What is the total liability for bonus, vacation and pension?
A: Looking at the amounts in options, it appears that total liability for bonus, vacation and pension…
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A: The question is based on the concept of periodic cash flows with a constant growth rate for a finite…
Q: On AUgust 3, 2020 Chen is paid a weekly gross of 300 for a 38-hour workweek. If he works 39 hours in…
A: Explanation: The amount of pay that is due for the two weeks. Note: The overtime rate is 1.5 times…
Q: calculate her gross pay for the last pay period.
A: Solution:- Given, Whitney receives a semi-monthly salary of $2,800 and has 40-hour workweeks. So,…
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A: Here the worker gets salary after the compounding of the interest rate. It means worker gets…
Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…
A: Wages expense per day = Total wages for a week / No. of working day in a week Accrued expense at the…
Q: Hemal Thomas is an employee in British Columbia. The net pay calculation is for the first bi-weekly…
A: C
Q: A machine operator is paid L10.20 per hour and has a normal working week of 35 hours. Overtime is…
A: We have the following information: Machine is paid: $10.20 per hour and has a normal working week…
Q: At Gleeson Brewing Company, office workers are employed for a 40-hour workweek on either an annual…
A: Payroll is the salary owed to employees by a corporation for a given period of time or on a specific…
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A: Wage refers to the amount that is paid by the company to their employees for the services provided…
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Q: Ms. Rose, a production worker earns P14,904 a month, and the company pays one month's salary as…
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Q: also estimated that annual bonus of P432,000 will be paid at year end. All employees are Required:…
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Q: Majan Company paid employee wages on Friday, March 25, and the next payroll will be paid in April.…
A: Accrued expense: This is the expense incurred but not yet paid. It is treated as liability until the…
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A: Here we are told that gross income is paid semi-monthly. That means twice in a month. We are…
Q: At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual or a…
A: Solution A Wage is compensation paid to the employees for work for a company during a period of…
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- Carl La Duca earns 3,875 each month and works 40 hours each week. Compute: a. The hourly rate________ b. The overtime rate at time and one-half________Barbara Ripa receives 695 for a regular 40-hour week and time and one-half for overtime. For a workweek of 45 hours, compute: a. The regular earnings________ b. The overtime earnings________ c. The total earnings________Jody Baush is a salaried employee who normally works a 35-hour week and is paid a weekly salary of 735.00. The agreement that he has with his employer states that his salary is to cover all hours worked up to and including 40. This week, Baush worked 42 hours. Calculate his gross pay. Gross pay_________
- Connie Gibbs collected a 2,000 bonus for her departments safety record for the year (52 weeks). During that year, Gibbs worked an average of 44 hours each week. Calculate the extra overtime pay due Gibbs for that year. Extra overtime pay...................................... _______On January 1, a flower shop contracts with customers to provide flowers for their wedding on June 2. The total contract price is $3,000, payable in equal installments for the next six months on the first of each month (with the first payment due January 1). How much will be recorded as revenue during the month of April?A weekly payroll summary made from labor time records shows the following data for Pima Company: Overtime is payable at one-and-a-half times the regular rate of pay and is distributed to all jobs worked on during the period. a. Determine the net pay of each employee. The income taxes withheld for each employee amount to 15% of the gross wages. b. Prepare journal entries for the following: 1. Recording the payroll. 2. Paying the payroll. 3. Distributing the payroll. (Assume that the overtime premium will be charged to all jobs worked on during the period.) 4. The employers payroll taxes. (Assume that none of the employees has achieved the maximum wage bases for FICA and unemployment taxes.)
- Employees at Rayon Enterprises earn one day a month of vacation compensation (twelve days total each year). Vacation compensation is paid at an hourly rate of $45, based on an eight-hour work day. Rayons first pay period is January. It is now April 30, how much vacation liability has accumulated if the company has four employees and no vacation compensation has been paid? A. $1,440 B. $4,320 C. $5,760 D. $7,200Moisa Evans is a maitre d at Red Rock Club. On September 6, his gross pay was 900 (three days working, one paid vacation day, and one paid sick day). He also reported to his employer tips of 860 for the previous month (applicable taxes to be deducted out of this pay). Evans belongs to the companys 401(k) plan and has 5% of his gross pay (900) deducted each week (salary reduction). Red Rock Club also provides a matching contribution (45) into the plan for Evans. This weeks pay would have a: a. Deduction for OASDI tax_______ b. Deduction for HI tax__________