Answered: Emily is paid a semimonthly salary of…

Emily is paid a semimonthly salary of 900. She works 8.5 hours of overtime in one week. What is her pay for this semimonthly period

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter2: Computing Wages And Salaries

Section: Chapter Questions

Problem 14PB: Carl La Duca earns 3,875 each month and works 40 hours each week. Compute: a. The hourly...

See similar textbooks

Related questions

Q: Below are the Income Statement and Balance Sheet for Palmer Corporation for the years…

A: Liquidity Ratio :—Liquidity ratios are measurements used to examine the ability of an organization…

Q: Obj. 3 The balance in the unearned fees account, before adjustment at the end of the year, is…

A: Unearned fees is the amount which is received in advance by an entity and the same is yet to be…

Q: 1. What are some basic purchasing guidelines that the Newtons should consider when choosing which…

A: Purchasing policy : It is a collection of rules that control the requisition process of the object.…

Q: In 2020, Ms. Montibon owns a grocery store with gross receipts of P1,375,000. Her cost of sales and…

A: VAT rate (Business Tax) in Philippines currently stands at 12% and is chargeable on Gross Selling…

Q: What is the balance in the Equity Investment account on December 31, 2022? Select one: a. $1,070,650…

Q: Based on the five-firm concentration ratios calculated in above, determine the level of competition

A: The concentration ratio: In Economic, It is a ratio that indicates the size of business in relation…

Q: comprehensive income, and 12/31/2021 balance sheet as a result of these investments. Include totals…

A: Investment - An investment is an asset that an investor has produced with their own money and…

Q: Find the cost formula using the Scattergraph method

A: Scatter plot: It is a type of plot or mathematical diagram using Cartesian coordinates to display…

Q: Which of the following is true regarding GAAP and IFRS? None of the answers are correct. GAAP and…

A: GAAP stands for General Accepted Accounting Principles and refers to rules and regulations of…

Q: Oct. 2 9 10 11 12 16 23 27 30 31 Acquired a service vehicle in the amount of P195,000 on account.…

A: Journal Entry :— It is an act of recording transaction in books of account when it is occurred for…

Q: On 7/1/19, an entertainment company sells 200 annual passes to one of its amusement parks for $450…

A: Unearned Revenue :— It is the amount of revenue that is received in advance for which the services…

Q: 21 During the year, Gilbert company issued 4,000 shares with P100 par value in connection with a…

A: Share premium account balance is not to be used for distribution of dividend. Retained earnings…

Q: Federal Hill Corporation had the following transactions occurred during March 2024. Federal Hill…

A: Accounting Equation :— Accounting Equation is Help to measure effector Transaction in the heads of…

Q: Identify just one audit risk area of listed public company from the ASX200 that is Mirvac Group.…

A: Audit risk: It refers to the possibility that a material misstatement is present in the financial…

Q: Exercise 3-2 (Static) Balance sheet classification [LO3-2, 3-3] The following are the typical…

A: Current assets are Cash and cash equivalent and includes assets which are to be realized in normal…

Q: Which of the following causes a change in cash? Utilities expense is accrued at year-end.…

A: Change in Cash: The cash would be changed by the amount of cash paid for expenses or cash received…

Q: Marwick’s Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of…

A: Income statement as per traditional method is the one that determines the gross profit and net…

Q: 5-6 FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE. What's the future value of a 5%, 5-year ordinary…

A: Annuity : A series of fixed payments over a period of time is referred as annuity. Ordinary…

Q: 5-20 PV OF A CASH FLOW STREAM. A rookie quarterback is negotiating his first NFL contract. His…

A: Present value is value of money today, which will receive in future . To calculate we use discount…

Q: D incorporated has accounting practice this year receiving only stock on the exchange. As part of…

A: Depreciation recapture refers to the procedure of allowing IRS for collecting the taxes on the…

Q: Ware Co. produces and sells motorcycle parts. On the first day of its fiscal year, Ware issued…

A: A bond carrying a coupon rate that is greater than the market interest rate then it means the bonds…

Q: 1. How much is the total sales variance? 2. How much is the sales price variance? 3. How much is…

A: 1. Total Sales Variance = Actual Sales - Target Sales 2. Sales Price Variance = (Actual Price -…

Q: The following information relates to the only product made by Mario Traders for the year ended 31…

A: Income statement as per absorption costing is the one that considers total or full cost relating to…

Q: Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track…

A: Direct Material :— It is the cost of raw materials that is directly incurred in manufacturing of…

Q: The Houston Manufacturing Company presents the following partial lists of account balances, after…

A: Multi Step Income Statement - Under this method of representation all the incomes and expenses are…

Q: Exercise 2-42 (Algo) Prepare Statements for a The following balances are from the accounts of…

A: A cost sheet is a method of allocating total costs into different categories. It helps to identify…

Q: A taxpayer has a liabilty on their California return greater than $80,000. They cut a check to the…

A: Answer:- E-Pay meaning:- E-payments are a type of digital or electronic money transfer. In essence,…

Q: In April, J. Rodriguez established an apartment rental service. The account headings are presented…

A: Accounting equation is the basic equation used for the preparation of the financial statements of an…

Q: A project requires an initial investment of $100,000 and is expected to produce a cash inflow before…

A: The internal rate of return (IRR) is a financial research indicator used to determine the…

Q: Sept. 1 Snare invested cash amounting to P 550,000 and furniture worth P85,000. Paid rent for…

A: Journal entries refers to recording of the business transactions into the books of accounts and it…

Q: Direct Computation of Nonoperating Return with Noncontrolling Interest Balance sheets and income…

A: Answer - “Since you have posted a question with multiple sub-parts, we will solve first three…

Q: Suppose your firm receives a $4.93 million order on the last day of the year. You fill the order…

A: Debit what comes in, Credit what goes out Debit all Assets, Credit all Liabilities Debit all income…

Q: MANUFACTURING PROFIT A manufacturer estimates that it costs $14 to produce each unit of a particular…

A: Profit Calculation Formula: Particulars Sales Less: Variable Cost = Contribution…

Q: For each company, compute the following ratios. (Round current ratio answers to 2 decimal places,…

A: 1.Current ratio=current liabilites current assets 2.Account receivable turnover=Net Credit…

Q: In step 2 how did you get the excess income tax of 19,520.00?

A: Excess income tax is the amount of income tax which has been previously paid in excess if the…

Q: On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following…

A: 4. Amount of total revenue = $16,160 Amount of total expenses = $2,750 + $1,640 + $450 + $2,400 +…

Q: Question 4 Identify and order the main activities in the 'Cash Disbursement process 2 3 [Choose]…

A: A disbursement means money paid by one party to another party during a particular period ., This…

Q: Assume University Athletic Oriole Club sells T-shirts for $22 and anticipates selling 5,500 shirts…

A: In order to determine the contribution margin, the variable cost are required to be subtracted from…

Q: Erin Murdoch, an architect, organized Modern Architects on January 1, 20Y4. During the month, Modern…

A: Solution Net income is the amount that is calculated after deducting cost , allowances and taxes.

Q: Exile Corporation has operating income of $42,000 and operating expenses of $69,000 in 2021. In…

A: Form 1120 is a form used to disclose income, gains, expenses and losses of a corporation, which in…

Q: Annie buys a television set from a merchant who ask P1250 at the end of 60 days. Annie wishes to pay…

A: Simple Interest :— Simple interest is a quick and easy method of calculating the interest charge on…

Q: During the fiscal year ended December 31, 2021, Dorsey Foods Inc. sold gift certificates to Birdie…

A: Treatment of Issuing of Gift Card :— The sale of a gift certificate should be recorded with a debit…

Q: Tanner-UNF Corporation acquired as a long-term investment $200 million of 6% bonds, dated July 1, on…

A: Investments by an entity During the course of economic activities of a company, it generally comes…

Q: A company has 200,000 shares authorized,167,000 shares issued and 40,000 shares of treasury stock .…

A: The term "Outstanding shares" refers to each and every share of a corporation that has been…

Q: Business income allocations from an S corporation to its shareholders are self- employment income to…

A: The S-corporation is a special type of corporation in which all the income, gains, and losses of the…

Q: alculation of Cost of Goods Sold: Periodic Inventory System with Sales Returns and Allowances The…

A: The statement of cost of goods sold tells about the total cost of goods that are sold during the…

Q: fatement, Lower Portion the beginning of 2019, Cameron Company's retained earnings was $239,400. For…

A: Given that, Pretax income from continuing operations = $158,400 Income tax rate = 30% Pretax income…

Q: Given below is AU Chiefs Company’s financial statements. Compute for the financial rations and show…

A: Lets understand the basics. Expense to sales ratio indicates how much expense is there in compare to…

Q: The following information is available for the first month of operations of Bahadir Company, a…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Question

Emily is paid a semimonthly salary of 900. She works 8.5 hours of overtime in one week. What is her pay for this semimonthly period?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

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_________
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________
Cal DiMangino earns 2,875 each month and works 40 hours each week. Compute: a. The hourly rate________ b. The overtime rate at time and one-half_______
Accounting for bonus and vacation pay Cathy Muench a factory worker, earns 1,000 each week. In addition, she will receive a 4,000 bonus at year-end and a four-week paid vacation. Prepare the entry to record the weekly payroll and the costs and liabilities related to the bonus and the vacation pay, assuming that Muench is the only employee.
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________
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...................................... _______
Moisa 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__________