Hours and rate 42 hours worked at P40/hr Earnings to date P14.00 Overtime rate 1 and % times the regular rate for hours worked in excess of 40 hours Withholding tax SsS contributions Phil. Health contributions Pag ibig contributions 3% of gross earnings 2% of gross earnings 1% of gross earnings 1% of gross earnings What is net pay for Juan Manuel for the week?

Hours and rate 42 hours worked at P40/hr Earnings to date P14.00 Overtime rate 1 and % times the regular rate for hours worked in excess of 40 hours Withholding tax SsS contributions Phil. Health contributions Pag ibig contributions 3% of gross earnings 2% of gross earnings 1% of gross earnings 1% of gross earnings What is net pay for Juan Manuel for the week?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter8: Payroll Accounting: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1CE

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Payroll register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2016: Employee Hours Worked Hourly Rate Weekly Salary Federal Income Tax U.S. Savings Bonds Aaron 46 68.00 750.20 100 Cobb 41 62.00 537.68 110 Clemente 48 70.00 832.64 120 DiMaggio 35 56.00 366.04 0 Griffey, Jr. 45 62.00 641.84 130 Mantle 1,800 342.45 120 Robinson 36 54.00 382.56 130 Williams 2,000 398.24 125 Vaughn 42 62.00 584.72 50 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each employees annual earnings. The next payroll check to be used is No. 901. Instructions 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 2016. Use the following columns for the payroll register: Employee, Total Hours, Regular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, U.S. Savings Bonds, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense. 2. Journalize the entry to record the payroll for the week]
Calculate an employees total earnings if the company pays time-and-a-half when Jill Smith works 41 hours at 15 per hour. a. 600.00 b. 615.00 c. 622.50 d. 635.00 e. None of the above
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The data below pertains to the earnings of Juan Manuel for the week ended June 15, 2020: Hours and rate 42 hours worked P40/hr Earnings to date P14.00 Overtime rate 1 and 3/2 times the regular rate for hours worked in excess of 40 hours Withholding tax 3% of gross earnings SSS contributions 2% of gross earnings Phil.Health contributions 1% of gross earnings Pag-ibig contributions 1% of gross earnings What is net pay for Juan Manuel for the week?
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