Particulars Amount Salary for the month dd: Allowences sice Alowence Clothing Allowence 33,000 300 500 lowence 200 Lsund dd: Seles Commission dd: Overtime (Working Note :2 100,000x 3 45,000 Total etime hourax Rete per hour 39 Hoursx187 TOTAL 35,5525 Working Note- Total Overtime Hours REGOT Working hours 10 Houra
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- SUTA taxes on July 31, 20--. WORKERS COMPENSATION INSURANCE AND ADJUSTMENT Columbia Industries estimated that its total payroll for the coming year would be 385,000. The workers compensation insurance premium rate is 0.2%. REQUIRED 1. Calculate the estimated workers compensation insurance premium and prepare the journal entry for the payment as of January 2, 20--. 2. Assume that Columbia Industries actual payroll for the year is 396,000. Calculate the total insurance premium owed and prepare a journal entry as of December 31, 20--, to record the adjustment for the underpayment. The actual payment of the additional premium will take place in January of the next year.Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 24LBasic- 50%Hra- 22%Da - 12%Travel allowance- 2000Insurance - 9800Employee has completed 75% of the target Pf 12%leaves - 4 ( 2 permitted) Reimbursement - 2500Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive- 75% target completionPf 12%Earned leaves - 2LOP - 4 Prepare the assignment in Ms excel/ Ms Word.
- Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive- 75% target completionPf 12%Earned leaves - 2LOP - 4 Prepare the assignment in Ms excelDesign a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 24LBasic- 50%Hra- 22%Da - 12%Travel allowance- 2000Insurance - 9800Incentive- 75% target completionPf 12%leaves - 4 ( 2 permitted)*Today's Assignment* Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive- 75% target completionPf 12%Earned leaves - 2LOP - 4 Prepare the assignment in Ms excel/ Ms Word. And submit on whatsApp. Before 4 pm tomorrow. Regards
- Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter. Required: 1. Calculate the estimated cost of workers' compensation insurance for the year.$fill in the blank 79e6ee06efc5fe1_1 2. Show the journal entry for the first quarterly payment on January 2, 20--. If an amount box does not require an entry, leave it blank. Page: DATE DESCRIPTION POST.REF. DEBIT CREDIT 1 Jan. 2 Workers' Compensation Insurance Expense fill in the blank 6b0385fff039038_2 fill in the blank 6b0385fff039038_3 1 2 Cash fill in the blank 6b0385fff039038_5 fill in the blank 6b0385fff039038_6 2 3 3 3a. Assume Ryan's actual payroll for the year was $89,000. Calculate the additional premium owed for 20--.$fill in the blank 29f2d308aff9fad_1 3b. Assume Ryan's actual payroll for the year was $89,000. Record the adjustment…Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 18 L Basic- 50% Hra- 20% Da - 12% Travel allowance- 2000 Insurance - 2500 Incentive- 75% target completion Pf 12% Earned leaves - 2 LOP - 4Design a salary slip for the month of March 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 20L Basic- 50% Hra- 20% Travel allowance- 2000 Insurance - 2500 Incentive with 75% target completion Pf 12% Earned leaves - 7
- Design a salary slip for the month of March 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 20L Basic- 50% Hra- 20% Travel allowance- 2000 Insurance - 2500 Incentive with 75% tdesign a salary slip for the month of march 2021 with information given below. fixed vs variable ratio- 70:30 ctc - 20l basic- 50% hra- 20% travel allowance- 2000 insurance - 2500 incentives with 75% target completion pf 12% earned leaves - 7E3-12 Employees' earnings and taxes.A weekly payroll summary made from labor time records shows the following data for Pima Company: Hours Employee Classification Hourly Rate Regular Overtime Tu, H. Direct $12 40 2 Dante, J. Direct 12 40 3 Jamal, M. Direct 15 40 4 Marcus, L. Indirect 9 40 Alexander, T. Indirect 18 40 Overtime is payable at one-and-a-half times the regular rate of and is distributed to all jobs worked on during the period. A. Determine the net pay of each employee. The income taxes with- held for each employee amount to 15% of the gross wages. B. Prepare journal entries for the following: 1. Recording the payroll. 2. Paying the…