Can someone help me please. I've tried twice?? Return to questlonProblem 3-2A (Algo)Bobby Howard is a salaried exempt employee at Coric Industries. He is married with two withholding allowances. His contractstipulates a 40-hour workweek at $70,000 per year. During the week ending November 27, there was a company paid holiday for oneday.Required:Calculate Bobby's weekly pay. (Round "Hourly Rate" to 5 decimal places and all other answers to 2 decimal places.)X Answer Is complete but not entirely correct.CompanyCoric IndustriesPeriod Ended:11/27/20XXNo. ofWithholdingsAnnualSalaryNo. of RegularHoursNo. of HolidayRegularEamingsHolidaMaritalNameHourly RateHoursEarninStatus2 Os 70,000 Os91.00000322.912 00 $MBobby Howard( Prev3 of 3NextO v19 uring the week ending November 27, there was a company paid holiday for oneto 5 decimal places and all other answers to 2 decimal places.)X Answer Is complete but not entirely correct.Period Ended:11/27/20XXRegularEarningsHolidayEamingsNo. of HolidayGrossNo. of RegularHoursAnnualHourly RateHoursEarningsSalarys 70,000 Os91.0000032 O8 Os2,912.00 S728.00 S3,640.00< Prev3 of 3Next

At the time of weekly payroll process, each employee's earnings are calculated from yearly basis to…

Problem 3-2A (Algo) Bobby Howard is a salaried exempt employee at Coric Industries. He is married with two withholding allowances. His contract stipulates a 40-hour workweek at $70,000 per year. During the week ending November 27, there was a company paid holiday for one day. Required: Calculate Bobby's weekly pay. (Round "Hourly Rate" to 5 decimal places and all other answers to 2 decimal places.) O Answer Is complete but not entirely correct. Period Ended: 11/27/20XX Company Coric Industries Holida Marital Status No. of Withholdings No. of Regular Hours No. of Holiday Hours Regular Eamings Annual Hourly Rate Earnin Name Salary 91.00000 O 2,912.00 32 20s 70,000 Os Bobby Howard ( Prev 3 of 3 Next

Problem 3-2A (Algo) Bobby Howard is a salaried exempt employee at Coric Industries. He is married with two withholding allowances. His contract stipulates a 40-hour workweek at $70,000 per year. During the week ending November 27, there was a company paid holiday for one day. Required: Calculate Bobby's weekly pay. (Round "Hourly Rate" to 5 decimal places and all other answers to 2 decimal places.) O Answer Is complete but not entirely correct. Period Ended: 11/27/20XX Company Coric Industries Holida Marital Status No. of Withholdings No. of Regular Hours No. of Holiday Hours Regular Eamings Annual Hourly Rate Earnin Name Salary 91.00000 O 2,912.00 32 20s 70,000 Os Bobby Howard ( Prev 3 of 3 Next

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

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter6: Analysing And Journalizing Payroll

Section: Chapter Questions

Problem 12PA: Kelsey Gunn is the only employee of Arsenault Company. His pay rate is 23.00 per hour with an...

See similar textbooks

Similar questions

Wages Payable Denton Corporation employs 50 workers in its plant. Each employee is paid $10 per hour and works seven hours per day, Monday through Friday. Employees are paid every Friday. The last payday was Friday, September 19. Required Compute the dollar amount of the weekly payroll. Prepare the journal entry on Friday, September 26, for the payment of the weekly payroll. Denton prepares monthly financial statements. Prepare the adjusting journal entry on Tuesday, September 30, the last day of the month. Prepare the journal entry on Friday, October 3, for the payment of the weekly payroll. Will net income for the month of September be understated or overstated if Denton doesnt bother with an adjusting entry on September 30? Explain your answer.
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__________
Payroll Taxes Sids Grocery Store has 100 employees who earn a wage of $18.75 per hour. Each of Sids employees has worked a total of 160 hours over the month of July. At the time of recording Julys monthly payroll, the following amounts have been withheld: Also, the unemployment tax rate is 2% and applies to all but $30,000 of the gross payroll. Required: 1. What is the amount of net pay recorded by Sids? 2. Make the journal entries to record the payroll.
_____1. Employees FICA tax rates A. Severance pay _____2. Form SS-4 B. By the 15th day of the following month _____3. Semiweekly depositor C. Employers Quarterly Federal Tax Return _____4. Taxable for FICA D. Application for Employer Identification Number _____5. Nontaxable for FICA E. 6.2 percent and 1.45 percent _____6. Self-employeds FICA tax rates F. Employees application for social security card _____7. Form 941 G. Cumulative wages of 128,400 _____8. Monthly depositor H. More than 50,000 in employment taxes in the lookback period _____9. OASDI taxable wage base I. 12.4 percent and 2.9 percent _____10. Form SS-5 J. Employers matching contributions into employees deferred compensation arrangements
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...................................... _______
Kelsey Gunn is the only employee of Arsenault Company. His pay rate is 23.00 per hour with an overtime rate of 1 times for hours over 40 in a workweek. For the week ending March 31, 20--, he worked 48 hours. Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay. Since the company holds back one week of pay, Gunn will not be paid until April 7, 20--. What adjusting entry would the company make in order to record Gunns salary in the first quarter of this year? a. Regular pay....................................................................... ________ b. Overtime premium pay..................................................... ________ c. Gross pay.......................................................................... ________ d. Adjusting entry