What is the journal entry for," Hire three employees for $3,000 a month?
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- 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.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 aboveEmployees at Rayon Enterprises earn one day a month of vacation compensation (twelve days total each year). Vacation compensation is paid at an hourly rate of $45, based on an eight-hour work day. Rayons first pay period is January. It is now April 30, how much vacation liability has accumulated if the company has four employees and no vacation compensation has been paid? A. $1,440 B. $4,320 C. $5,760 D. $7,200
- Toren Inc. employs one person to run its solar management company. The employees gross income for the month of May is $6,000. Payroll for the month of May is as follows: FICA Social Security tax rate at 6.2%, FICA Medicare tax rate at 1.45%, federal income tax of $400, state income tax of $75, health-care insurance premium of $200, and union dues of $50. The employee is responsible for covering 30% of his or her health insurance premium. A. Record the journal entry to recognize employee payroll for the month of May, dated May 31, 2017. B. Record remittance of the employees salary with cash on June 1.An employer pays $3,000 a month for office space rental and $1,000 to 12 employees, plus a $10 bonus for each unit of work completed by the employee during the month. In addition, the employer has a profit of $18 per unit of work per employee. Suppose an employee completes 300 units in a month. Calculate your monthly payment.Hired a secretary receptionist at a salary of $700 per week payable monthly , journalize
- M Company has three employees . George makes $2,400 per month and has worked for the company since January 1, 2023. Becky makes $2,700 per month and has worked for the company since February 1, 2023. Bill works part-time, and as of March 31 , 2023 had earned $3,000 so far this year. Assume it is now getting to the end of April , 2023. George and Becky and Bill all worked in April with Bill working 20 hours a week for four weeks in April at an hourly rate of $21 per hour. Federal Income Tax Withheld of $50 and State Income Tax Withheld of $113.40. REQUIRED : Prepare the entry to record the Payroll for M Company for April, 2023. Then prepare the entry to record the Payroll Taxes for Company for April , 2023With a 40 hour workweek and work rendered beyond 8 hours taken as overtime , what should be the earnings of Miss Santos if she had worked 49 hrs. for the week . Regular rate is P 150 per hour. The company is paying a time and three fourths for overtime.What is the journal entry for this transaction? June 15- Paid assistant's salary for half month, $12,500
- During December, Littleton designed a landscape plan and the client prepaid $6,000. Littleton recorded this amount as Unearned Revenue. The job will take several months to complete, and Littleton estimates that the company has earned 50 percent of the total revenue during the current year. Journalize the subsequent journal entry that Littleton will record when the job is complete.A waitress's base wage is $11 per hour, plus 10% automatic gratuity for all tables served. If she works 20 hours over the course of one week and makes $445, what is the total amount of revenue generated by the tables that she served over the course of the week?For the month of December, Jenny Company’s employees had worked and earned wages of $550,000. Jenny will pay her employees $420,000 on December 24th and the remaining $130,000 will be paid on January 7th. What amount will Jenny Company report as wages payable on their balance sheet on December 31?
