What is the total liability for bonus, vacation and pension?

Q: Damien Carranza is a non-exempt employee for Verent Enterprise where he is a salesperson, earning a…

A: Gross pay is the sum of: Regular pay Commission Overtime pay

Q: I earn a salary from the company of $132,000 per year and the rest of our employees earn less than…

A: Solution:- Given, Salary = $132,000/year other employees earn = $45,000 each

Q: In Square Group, employees are entitled with gratuity if they serve at least 3 years as a regular…

A: Gratuity - It is amount of monetary benefit given to the employee by the employer at the time of…

Q: Donny is employed by ABC Limited. His normal working week is 46 hours (Monday to Friday). The number…

A: Working to calculate Total Labour cost to ABC Ltd in respect of Donny for the week in March 2021: 1.…

Q: The normal wage of Nomfundo is R200 per hour and her normal working week is 40 hours. The standard…

A: Given that, normal wage rate per hour = R200 normal working week = 40 hours standard production per…

Q: 1) Ms. Rose, a production worker earns P14,904 a month, and the company pays one month's salary as…

A: SOLUTION- PENSION IS A CONTRACT FOR A FIXED SUM TO BE PAID REGULARLY TO A PERSON , TYPICALLY…

Q: Meadow Ltd plans to close a factory in 10 months' time, when it will terminate the employment of all…

A: Termination benefits provided as a result of an entity terminating employment should be recognized…

Q: A job pays an annual salary of $33,150, which includes a holiday bonus of $750. If paychecks are…

A: Paycheck-: A paycheck is a monthly salary or wage that a person earns in his or her job. It is…

Q: Hemal Thomas is an employee in British Columbia, The net pay calculation is for the first biweekly…

A: L. Computation of the total deductions:   = (Federal + Provincial) = $10,783.01 + $12,298.01 =…

Q: Riverbed Corporation offers parental benefits to its staff as a top-up on El benehts so that…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: In 2020, Landen Company paid Trudy $61,500 in salary. Trudy's spouse contracted COVID and Trudy was…

A: Data interpretation:   Wages of the employee= $61500Allocation to Sick pay= $2500Family leave…

Q: Gabriel receives an annual salary of $74,300; he is paid monthly, and his regular workweek is 38…

A: Since there are multi sub-parts, we will solve first three for you. To get the remaining sub-parts…

Q: Cam Fitzer, a white-collar exempt employee, started working for Villan Company on Thursday of this…

A: Gross pay means total earning of an employee during a period is known as gross pay ,or we can say…

Q: STIMATED LIABILITY FOR VACATION PAY

A: Answer: Hourly Salary of Supervisor - P100 per hour Hourly Salary of Four workers = P320 per hour…

Q: The combined amount of the accruals for bonus, vacation, and holiday pay in the weekly payroll would…

A: 1) Calculate bonus: Bonus: $2,000 / 50 weeks = $40 per week 2) Compute vacation pay: Vacation pay:…

Q: Prepare the journal entries to record (a) Oriole’s pay for the period and (b) the payment of…

A:

Q: 12. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a…

A: Work-in-process account: This is the account that involves all those products which are yet not…

Q: The normal wage of Nomfundo is R200 per ho and her normal working week is 40 hours. The standard…

A: a) Wage Rate R 200 per hour weekly working hours 40 Std Production per hour 100 Std…

Q: An employer uses a final pay formula to determine retirement payouts to its employees. The annual…

A: 1) Average salary (S) = $54000 Years worked (y) = 17

Q: On January 1, 20x6, Bernie Bird Co. decided to grant its employees 10 vacation days and five sick…

A: The compensation absence expense would include the expense that was payable during current year but…

Q: Silver Ltd. has 35 employees who work 8-hour days and are paid hourly. On January 1, 2020, the…

A: Income statement is on of the financial statements of a company. It determines the net income of a…

Q: Vaughn Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in…

A: Gross earnings = (40 hours x rate per hour) + (hours in excess of 40 hours x rate per hour ) = (40 x…

Q: 11. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a…

A: Senen's gross payroll will include his yearly salary, salary received for vacation leave, bonus…

Q: Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns…

A: Manufacturing Overhead: It is  the sum of all the indirect costs that  are incurred for…

Q: A mason works 6 days in a week and every day he works 11hrs. A base wage of OMR 18.25per hour is…

A: Given capacity of mason = 11 hours per day, 6 days per week Total working hours = 11 x 6 = 66 hours…

Q: G. E. Spring employs Trent Pelligrini at a salary of $46,200 a year. Spring is subject to employer…

A: Salary: Its an amount paid to the employee for rendering their services to the company. salary can…

Q: Mr Smith's annual salary is $45,000. His regular workweek consists of four 10-hour workdays. He is…

A: Biweekly and bimonthly can mean the same thing because of the prefix bi-, which here can mean…

Q: Lucille receives an annual salary of $37,500 based on a 37.5 hour workweek. What are her gross…

A: The gross earning refers to the total earnings of the employee. The overtime hourly wage rate is…

Q: what is the estimated liability for bonus?

A: Estimated Liability for Bonus is recorded by the entity on the basis of expected wages of the…

Q: Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns…

A: The liability is referred to the amount which a company has to pay to others.

Q: Tony is a salaried, non-exempt employee, who earns $40,200 for a standard 40 workweeks. During a…

A: Total normal hours in a year = 40×52 weeks=2,080 hours Normal pay per hour = $40,2002,080=$19.327…

Q: Mang Carding is a minimum wage earner. To augment his earnings, he put up a mini store under his…

A: 1) The income received from 13th and 14th month will not be taken from taxable value , due to that…

Q: Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns…

A: Manufacturing overhead represents the indirect cost incurred in the production process of the…

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: H, a minimum-wage worker, got the following in 2018: a basic income of P 140,000, a 20,000-peso…

A: A minimum wage earner refers to that individual whose remuneration for the services provided by him…

Q: calculate her gross pay for the last pay period.

A: Solution:- Given, Whitney receives a semi-monthly salary of $2,800 and has 40-hour workweeks. So,…

Q: 5. Mr. Combate, a factory laborer earns P18,000 per month, and the company pays one month salary as…

A: Since you have specifically asked for question 5, we have answered the same for you. To get the…

Q: A union contract specifies that each worker will receive a 5% pay increase each year for the next 30…

A: Here the worker gets salary after the compounding of the interest rate. It means worker gets…

Q: 13. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a…

A: 13. The amount charged to the factory overheads account will be the fringe benefits given to the…

Q: Margaret's regular hourly wage rate is $20.and she receives  an hourly rate of $30 for work in…

A: Introduction: Salary: Salary is given to employees for rendering their services to the company.…

Q: A company pays a basic rate of N$5 per hour. An employee is expected to work seven hours a day…

A: Wage refers to the amount that is paid by the company to their employees for the services provided…

Q: Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns…

A: The Manufacturing Overhead Control account records all the costs that are incurred in the production…

Q: pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are…

A: Fringe benefits are additional compensation that companies provides to their employees. Fringe…

Q: Joanne Leblanc works for Blossom Cosmetics in Alberta and is paid an annual salary of $58,886.00 on…

A: Joanne Leblanc works in Alberta Paid annual salary = $58886.00 Awarded bonus = $5525.00 Bonus will…

Q: Can I do a general journal entry on this scenario, if so how do i do it? Master Flow’s first…

A: Payroll deductions can include federal withholding taxes dues, social security taxes, medicare…

Q: Senorita Private Limited operates a piecework system of remuneration, but also guarantees its…

A: Lets understand the basics. Time rate basis means amount is needs to pay based on the time given by…

Q: In 2022, Yami, a factory worker, receives P20,000 as monthly gross compensation.  The amount…

A: Factory overhead control account is used to record the production overheads other than direct…

Q: . Prepare the journal entry to record the sick pay earned in 2020. b. Prepare the journal entry to…

A: As per our protocol we provide solution to the one question or up to first three sub-parts only but…