An employee earns $25 per hour and 1.50 times that rate for all hours in excess of 40 hours per week. There two headcounts in the warehouse, each one work 40 regular hours, one 5 hours over time and the other 10 hours during the week. Assume further that the social security tax rate was 6.0% (on earnings up to $100,000), the Medicare tax rate was 1.5%, and federal income tax to be withheld was $714. Prepare a payroll register for the first week of the year January 7, 2011. The payroll should pay in January 10, 2011. d. Prepare payroll and payment entries.

Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…

A: Federal income tax refers to the tax levied by the Internal Revenue Service (IRS) on the desired…

Q: An employee earned $61,700 during the year working for an employer. The FICA tax rate for Social…

A: The employee has earned $ 61700 during the year

Q: Universal Exporting has three warehouse employees: John Abner earns $422 per week, Anne Clark earns…

A: SUTA and FUTA are the payroll tax paid by the employers in the state and federal funds made for the…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Lets understand the basics. Net amount paid is a gross salary less deductions made.  Gross salary is…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Given: Hourly rate = $30 Federal income tax = $48 Social security tax = 6% Medicare = 1.5% For over…

Q: Sky Co. employed Tom Mills in Year 1. Tom earned $5,300 per month and worked the entire yearAssume…

A: Tax refers to the financial charge which is compulsory in nature and it is imposed through the…

Q: An appliance company has three installers. Larry earns $345 per week, Curly earns $480 per week, and…

A: FUTA: FUTA means the "Federal Unemployment Tax Act" which provides for the levy of tax on the wages…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Formula used : Number of Excess hours worked = Total hours worked - Weekly working hours

Q: Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular…

A: Payroll refers to the payment to be made by the employer to the employees for the services rendered…

Q: Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a…

A: Payroll Taxes = FICA SS Tax + FICA Medicare Tax + FUTA Tax + SUTA Tax= 544.87+ 127.42 + 42 +…

Q: An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social…

A: Federal Unemployment Tax Act (FUTA): The federal unemployment tax is welfare scheme of a social…

Q: An employee earned $37,000 during the year working for an employer when the maximum limit for Social…

A: Formula to calculate  employee's annual FICA taxes amount:Employee's annual FICA taxes = Employee…

Q: Martin Jackson receives an hourly wage rate of $18, with time and a half for all hours worked in…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Payroll- Payroll refers to the process of making payments to a company's employees. This process…

Q: An employee earns $16 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: a. Gross pay = Normal pay + Overtime pay = $16*40 + 1.5* $16* (55-40)Gross pay = $640 + $560 Gross…

Q: Martin Jackson receives an hourly wage rate of $17, with time and a half for all hours worked in…

A: Compute gross pay of Martin Jackson as shown below:

Q: Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he…

A: Formula: Net pay = Gross pay - Total deductions

Q: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: The following calculations are done to evaluate the net pay of the employee after deducting all…

Q: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Solution:- a) Calculation of the gross pay for the week as follows:-

Q: Sadie White receives an hourly rate of $35, with time and a half for all hours worked in excess of…

A: Total wages = (40 hours x hourly rate) + (hours in excess of 40 hours x hourly rate x 1.5) =…

Q: An employee earns $25 per hour and 1.50 times that rate for all hours in excess of 40 hours per…

A: Since we only answer up to 3 sub parts, we'll answer the first 3. Please resubmit the question and…

Q: Thomas Martin receives an hourly wage rate of $17, with time-and-a-half pay for all hours worked in…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Introduction: Excess hours worked: In general the number of hours to be worked in a week is 40 hours…

Q: An employee earns $25 per hour and 2 times that rate for all hours in excess of 40 hours per week.…

A: Requirement a:Calculate the gross pay for the week.

Q: Thomas Martin receives an hourly wage rate of $15, with time-and-a-half pay for all hours worked in…

A: Gross pay: Gross pay means the salary before the deduction of any taxes, benefits, and other payroll…

Q: Deep Mouse Designs has 14 employees within Denver City and County. The employees earned $9.80 per…

A: Salary earned by each employee per month=Number of hours worked×Per hour earning=160×$9.80=$1,568

Q: An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social…

A: Step 1 The unemployment taxes (FUTA) of $42 is obtained by multiplying the earnings of $7,000 with…

Q: An employee earns $22 per hour and 2 times that rate for all hours in excess of 40 hours per week.…

A: Gross pay: Gross pay is a payment made to an employee for completion of work allocated by the…

Q: Martin Jackson receives an hourly wage rate of $25, with time and a half for all hours worked in…

A: Gross earnings = (40 hours x $25 per hour) + (Hours in excess of 40 hours x $25*1.5 per hour) =(40…

Q: Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he…

A: Given that, total earnings = $4540 FICA tax for social security = 6.2% FICA tax rate for medicare =…

Q: Thomas Martin receives an hourly wage rate of $22, with time and a half for all hours worked in…

A: Based on the given information, Excess hours worked = 44-40 = 4 hours Normal wage rate for hours…

Q: An appliance company has three installers. Larry earns $375 per week, Curly earns $490 per week, and…

A: FUTA stands for “Federal Unemployment tax Act” and SUTA stands for “State Unemployment tax Act.”…

Q: Thomas Martin receives an hourly wage rate of $25, with time-and-a-half pay for all hours worked in…

A: Gross pay for martin = Regular earning + Overtime earnings

Q: Lisa Ramos has a regular hourly rate of $12.75. In a week when she worked 40 hours and had…

A: Tax is the liability calculated o the income earned by the company.

Q: Trey Morgan is an employee who is paid monthly For the month of January of the current year, he…

A: Here in this question, we are required to calculate the net pay amount. For calculating net pay, we…

Q: Thomas Martin receives an hourly wage rate of $14, with time-and-a-half pay for all hours worked in…

A: Given that: Regular hours = 40 hours Hours worked = 42 hours

Q: Rick O’Shea, the only employee of Hunter Furniture Company, makes $30,000 per year and is paid once…

A: Employee is liable for some payroll taxes. Hence while paying the wages, employer deducts the…

Q: 1.A paving company has 24 employees, 15 with gross earnings of $365 per week and nine with gross…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Thomas Martin receives an hourly wage rate of $18, with time and a half for all hours worked in…

A: Introduction: The sum of an employee's paycheck that is left over after payroll deductions such as…

Q: Thomas Martin receives an hourly wage rate of $25, with time and a half for all hours worked in…

A: Introduction: A tax rate is the proportion of income that is taxed on a person or company. The…

Q: Thomas Martin receives an hourly wage rate of $16, with time and a half for all hours worked in…

A: Gross pay is the amount of pay which includes the normal pay plus the payment of overtime.  Given,…

Q: Thomas Martin receives an hourly wage rate of $24, with time-and-a-half pay for all hours worked in…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: Jennifer Ross, an employee of Hampton Company, worked 43 hours during the week of February 9 through…

A: Compute regular pay, overtime pay, and gross pay.

Q: An employee earns $5,750 per month working for an employer. The FICA tax rate for Social Security is…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: An employee is paid a salary of $10,150 per month.  If the FICA rate is 6.2% on the first $118,500…

A: FICA tax = Salary x FICA tax rate = $10,150 x 6.2% = $629.30 Medicare tax payable = Gross payroll x…

Q: A paving company has 24 employees, 15 with gross earnings of $365 per week and nine with gross…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Gross pay for the week = (Normal rate × Normal hours) + (Bonus rate × Additional hours) Net pay for…

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Gross pay = Regular pay + Overtime pay   Net pay = Gross pay - Federal income taxes withheld -…