Wages in excess of the regular rate paid for work after normal closing time is: Overtime premium Pension pay Regular wage Vacation and holiday pay
Q: An employee has a net payroll amount of $5,064.50. What is the correct journal entry to record this…
A: Expense booking entry will be Wages expense Ac Dr 5064.5 to Net payroll payable 5064.5 being expense…
Q: Question 6: Match each pay-related term with its definition. Pay period Annual pay amount DROP HERE…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: 1.If an employee works two jobs at two different wage rates for the same employer during the same…
A: Overtime pay seems to be the remuneration you earn for working outside of your typical working…
Q: What is the annual salary equivalent to a monthly salary of $2429.44? What is the biweekly salary…
A: We need to compute equivalent earnings for salary across the different time frames.
Q: Question 1; What date is the next payday for an employee paid bi-weekly whose last pay was August…
A: Answer:-1. Next date of payment is 5th September. Explanation:- Employees are paid every other week…
Q: In most jurisdictions, for hourly employees, overtime pay begins after working how many hours a…
A: The difference in defined benefit plan and defined contribution plan is Defined benefit plans are…
Q: Calculate minimum daily rate f benefits payable based on the temporary disablement if the person…
A: Temporary disablement is the employee’s inability to work who faces an injury at the employer's…
Q: Anna's time record shows that she have worked 38hr on a regular hourly rate of 300 and have worked…
A: Wages are calculated as total of normal wages and overtime wages.
Q: An employee earns $20 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…
A: Hours worked = 55 Normal hourly rate = $ 20 Overtime rate = $ 20*1.5 = $ 30 Normal weekly hours =…
Q: The biweekly taxable wages for the employees of Rite-Shop follow. Compute the FICA taxes for each…
A: Note: It is assumed that OASDI rate is 6.2% and HI rate is 1.45%
Q: 5. For each of the following, give the number of hours the employee must receive straight pay and…
A: Week is 40 hours from Monday to Friday ie 8 hours a day Antonio's works 40 hour work in M-F,…
Q: GHI Company compensates its employees for certain absences for vacation and sickness. Employees are…
A: Compensated absences are those leaves taken by the employee for which company will pay if employee…
Q: PROBLEM 5 Stacy Forvour is a salaried employee who works fluctuating workweeks. She is paid $680…
A: Given: Stacy Forvour is paid $680 per workweek. She worked for 46 hours.
Q: Take home pay or net pay means: a. gross pay less all deductions b. gross pay plus the amount paid…
A: We first needs to understand the meaning of gross pay and net pay to answer this. Gross pay is a…
Q: Abreu Company allows employees the option of carrying over unused vacation days or "cashing" them…
A: Overtime pay is the additional pay made to the employees for spending extra working hours. It is…
Q: 14) An employer has computed the following amounts for its employee Mary during a week in January:…
A: Given in the question: Gross Wages $500.00 FNPF $80.00 LICI $50.00 PAYE…
Q: Employees Total Monthly Payroll OASDI Taxable Wages OASDI Tax HI Taxable Wages HI Tax Full-Time…
A: “Since you have asked multiple questions, we will solve the first table for you. If you want a…
Q: Example 3-1 The monthly and hourly wage schedule for the employees of Quirk, Inc., follows. No…
A: OASDI Tax: The OASDI (Old Age, Survivors, and Disability Insurance program) tax, often referred as…
Q: A certain retail company is obligated to pay 2.17% on earned wages into Worker's Compensation…
A: The expenses incurred during the current period should be recorded in the current period income…
Q: B. Mr. Sameer has to work for 7 hours a day and 6 hours per week as per the employment agreement. He…
A: Sameer work per day = 7days Days worked per week = 6 days Actually worked = 54 hours As hourly…
Q: Overtime wages, including overtime premium paid to direct laborer, if overtime was due to customer…
A: The wages can be classified as direct and indirect cost. The indirect labor cost is recorded as…
Q: rection: Identify if the statement is True or False. Write T if it's true, otherwise, F. Write yo…
A: Overtime payments are must be paid at double the worker's usual rates of pay, according to Section…
Q: s Delta worked 7 1/2 hours beyond the regular 40 hours last week. If she received P 84.oo/hr and…
A: Solution: Regular wages = P84 per hours Overtime hours = 7.5 hours
Q: Joseph Cavato is paid $12.96 per hour. During the past week, he worked 46 hours, and he is a covered…
A: Regular Pay = Total Hour × regular rate Overtime Premium Pay = Overtime hours × Overtime Premium…
Q: Employees at Abreu Company have the option of carrying over or "cashing" in unused vacation days.…
A: Overtime pay is the additional compensation given to workers in exchange for working longer hours.…
Q: Compute the balance of liability for compensated absences at December 31, 2021.
A: The computation of balance of liability for compensated absences as at December 31, 2021 is shown…
Q: Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The…
A: What is payroll? It is a register that shows the total amount to be paid to the employees during a…
Q: GHI Company compensates its employees for certain absences for vacation and sickness. Employees are…
A: The employer provides several benefits to the employee and the expenses related to these are…
Q: When an employer does not have a sophisticated time-keeping system, it is valid to accrue a…
A: Payroll: A payroll is a total amount of money paid by employer to employees for time period the…
Q: Which one of the following has no impact on the expected productive hours of an employee? Select…
A: SOLUTION- PUBLIC HOLIDAY- IT IS ALSO CALLED NATIONAL HOLIDAY AND LEGAL HOLIDAY IS A HOLIDAY IS…
Q: TASK: Using the pay statement example, provide the missing information below: Pay period for this…
A: Payroll The Payroll is considered to be one of the important function to pay to the employees for…
Q: overtime premium
A: Overtime premium is the excess wage paid in addition to regular wages.
Q: An employee in Manitoba earns a semi-monthly salary of $3,500 and has an outstanding employer loan…
A: Pay period is the time given to do the payment.CPP stands for "Current Purchasing Power". This…
Q: Example 4-3 To use the wage-bracket method, follow the steps illustrated below. Step 1 Select…
A: Given that: Calculate as per percentage method as specified for semimonthly wage (2320) Wage…
Q: How would I calculate hourly rate for a non exempt employee with hours past 40? How would I factor…
A: Question is asking how to calculate the hourly rate of overtime for non-exempt employees, let's…
Q: The monthly and hourly wage schedule for the employees of Quirk, Inc., follows. No employees are due…
A: FICA Taxes - It is tax levy by US federal payroll tax which stands for Federal Insurance…
Q: For the pay period of 11/16 to 11/30 what would his regular and overtime hours be in the payroll…
A: Exempt employees are defined as employees that are generally exempt or not paid an hourly rate or…
Q: Calculate the EI and CPP for the following employees. Find the employer portion as well.…
A: Considering 2021 tax rates. For employee, EI tax rate is 1.58% for maximum insurable earning of $…
Q: Reimbursement of costs covered by employees on behalf of the employer such as travel expenses and…
A: All the reasonable reimbursements will not include in the gross income of employee. If this is not…
Q: Payroll Register Earnings Earnings to End of Employee Daily Time Total O. Reg. Hospital Union O.T.…
A:
Q: 1. Assuming that net pay was directly deposited into the employee's bank accounts, prepare the…
A: Journal entry is made at the time when a business transaction or any other accruals has been…
Q: GHI Company compensates its employees for certain absences for vacation and sickness. Employees are…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Calculate the gross earnings per pay period (in $) for the given pay schedule. (Round your answers…
A: Earnings are calculated based on per day basis so that it is easy to calculate income on other days.…
Q: Part I. An employee earns $22 per hour and 2 times that rate for all hours in excess of 40 hours…
A: As posted multiple questions we are answering only first question kindly repost the unanswered…
Q: No. 106 for the 2-week period, assuming that any overtime work is What is the amount to be charged…
A: Given information, Gross earnings =P4,560 Number of hours worked = 40hours week × 2 week =80 hours…
Q: xamine each of the following independent circumstances and identify the type of pay period (weekly,…
A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: Compute for the weekly earnings of each employee with a time and a half overtime pay. Total Hours…
A: Before finding the weekly earning, we need to know the meaning of overtime. When you work for extra…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- . Explain how to calculate the overtime hourly rate for employees who are paid biweekly. 2. How is overtime pay calculated for a nonexempt employee who works on fluctuating schedules and is paid a fixed salary?If an employee is paid an hourly rate of $25.50 for regular-time work, what are the employee's time-and-a -half and double-time hourly rates for overtime work?Overtime wages, including overtime premium paid to direct laborer, if overtime was due to customer specifications, should be: a. Debited to WIP b. Debited to WIP and OH c. Debited to OH d. Expenses e. None of the above
- Payroll accounting, has to do with "piece-rate employee overtime": The problem is attached. My question is how is "gross earnings" of $1021.01 derived?Employees at Abreu Company have the option of carrying over or "cashing" in unused vacation days. Does the employer include the time or earnings when computing overtime for these nonexempt workers if they cash out?Abreu Company allows employees the option of carrying over unused vacation days or "cashing" them out. If they cash out, does the employer count the time or earnings when calculating overtime for these nonexempt employees?
- Pay rate employers are required to pay certain employees covered by state and federal laws; the Fair Labor Standards Act of 1938 sets the rate at 1.5 times the regular hourly rate after 40 hours per week is known as ____________. payroll clerk payroll overtime rate pay periodWhich one of the following has no impact on the expected productive hours of an employee? A. Vacation leave B. Weekends C. Public Holidays D. Overtime9-What is perhaps the most common approach to meeting short-term fluctuations in work volume? overtime Subcontracting . Temporary employees. Employee leasing .
- 1.If an employee works two jobs at two different wage rates for the same employer during the same pay week, any overtime pay must be calculated by using an overtime hourly rate of: a.one and one-half the lower of the two wage rates. b.one-half of the higher of the two wage rates. c.one-half of the two rates combined. d.one and one-half the higher of the two wage rates. e.None of these choices are correct. 2.Rest periods and coffee breaks may be required by all of the following except: a.a municipal legislation. b.a state legislation. c.a union contract. d.the FLSA. e.None of these choices are correct. 3.The FICA tax rates for the self-employed are: a.6.2% (OASDI) and 2.9% (HI). b.6.2% (OASDI) and 1.45% (HI). c.12.4% (OASDI) and 1.45% (HI). d.10.0% (OASDI) and 1.0% (HI). e.None of these choices are correct. 4.If the employer has made timely deposits that pay the FUTA tax liability in full, the filing of Form 940 can be delayed until: a.February 10. b.February 1.…Calculate the wages received by the worker in the second week?63. Overtime wages, including overtime premium paid to direct laborer, if overtime was due to customer specifications, should be: a• Debited to WIP b• Debited to WIP and OH c• Debited to OH d• Expenses e• None of the above
