A job pays an annual salary of $33,150, which includes a holiday bonus of $750. If paychecks are issued twice a month, what is the gross amount for each paycheck?
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A: Calculate the salary per week:
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A: L. Computation of the total deductions: = (Federal + Provincial) = $10,783.01 + $12,298.01 =…
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A: Given, Annual Salary of employee = $1483.41*22 = $32,635.02 Salary per day = Annual salary / No.of…
Q: Over how many weeks should the holiday pay and vacation pay be expensed?
A: Vacation Pay: A vacation pay is a fringe benefit that are given to the employees of a company. It…
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A: Since there are multi sub-parts, we will solve first three for you. To get the remaining sub-parts…
Q: Marcos Putnam receives a regular salary of $3,120 a month and is paid 1½ times the regular hourly…
A: Introduction: Overtime pay: Extra pay for the extra hours worked above the cutoff hours.
Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…
A: The accrued wages are the wages that are due to be paid but not paid during the period.
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A: Salaries expense is the addition of regular and overtime earnings and then various deductions are…
Q: Peter Works in a Month for 22 Days. Wage rate per hour is $ 15 Every day Peter works for 8 Hours.…
A: Formula used : Monthly salary = Number of hours worked x Wage rate per hour
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A: Calculate the annual salary of Employees LR, RB, & GL.
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A: 1) Calculate bonus: Bonus: $2,000 / 50 weeks = $40 per week 2) Compute vacation pay: Vacation pay:…
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A: Solution: Regular rate = P150 per hour Total hours worked = 49 hours Overtime hours = 49 - 40= 9…
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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…
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A: Following is the answer to given question
Q: hat is the total liability for bonus, vacation and pension?
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A: overtime for normal days=1.5x overtime for holidays=2x
Q: overtime premium
A: Overtime premium is the excess wage paid in addition to regular wages.
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Q: Roppongi Company incurred payroll for the week ₱100,000, which consists of ₱70,000 earned by 20…
A: Introduction As per relevant standard payroll expense should include the bonus pay and the vacation…
Q: What is the total liability for bonus, vacation and pension?
A: Looking at the amounts in options, it appears that total liability for bonus, vacation and pension…
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Q: On AUgust 3, 2020 Chen is paid a weekly gross of 300 for a 38-hour workweek. If he works 39 hours in…
A: Explanation: The amount of pay that is due for the two weeks. Note: The overtime rate is 1.5 times…
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,…
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A: Here the worker gets salary after the compounding of the interest rate. It means worker gets…
Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…
A: Wages expense per day = Total wages for a week / No. of working day in a week Accrued expense at the…
Q: Hemal Thomas is an employee in British Columbia. The net pay calculation is for the first bi-weekly…
A: C
Q: A machine operator is paid L10.20 per hour and has a normal working week of 35 hours. Overtime is…
A: We have the following information: Machine is paid: $10.20 per hour and has a normal working week…
Q: At Gleeson Brewing Company, office workers are employed for a 40-hour workweek on either an annual…
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A: Wage refers to the amount that is paid by the company to their employees for the services provided…
Q: Nicole smith's yearly salary is $95,500 during the week she worked 46 hours and she is entitled to…
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A: Accrued expense: This is the expense incurred but not yet paid. It is treated as liability until the…
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A: Here we are told that gross income is paid semi-monthly. That means twice in a month. We are…
Q: At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual or a…
A: Solution A Wage is compensation paid to the employees for work for a company during a period of…
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- A factory worker earns $500 per week and will receive a $2,000 bonus at year-end, a 2-week paid vacation, and 5 paid holidays. The combined amount of the accruals for bonus, vacation, and holiday pay in the weekly payroll would be:An employee is paid a salary of $10,150 per month. If the FICA rate is 6.2% on the first $118,500 of earnings and the Medicare tax rate is 1.45% on all earnings, how much will be deducted from the employee’s monthly paycheck during the following months?You are a salaried employee, paid semi-monthly. You earn $5,200 gross income each pay period. What is your realized in- come for the year?
- 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.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?An employee with an annual salary of $77278 is paid every month. What is the gross pay per pay period? Report your answer to two decimal places AND with correct units. Answer:
- A worker completes a job in a certain number of hours. The standard time allowed for the job is 10 hours, and the hourly rate of wages is $1. The worker earns a 50% rate of bonus of $2 under Halsey Plan. Ascertain his total wages under the Rowan Premium Plan.An employee receives an hourly rate of $32.00, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $325.00; social security tax rate, 6.0%; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid to the employee? Select the correct answer. $1,001.00 $1,081.00 $1,115.00 $1,520.00Your monthly salary is $4,160 and your pay period changed to a bi-weekly pay. You work 40 hours per week and are paid 1.5 times (one and a half) your hourlywage for overtime. a. Find your new bi-weekly pay. Round to the nearest cent b. Calculate your hourly rate of pay for your standard work week and hourly rate. your overtime Standard hourly rate: Overtime hourly rate: Round to the nearest cent c. If you worked 43 hours one week and 47 hours the next week, whatwould your total pay be in that bi-weekly pay period? Round to the nearestcent
- An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $350.00; social security tax rate, 6.0% on all earnings; and Medicare tax rate, 1.5% on all earnings. What is the net pay amount to be paid the employee? Group of answer choices $783.12 $857.00 $875.00 $1,113.14Listen A direct laborer in a factory earns $1,000 each week. In addition, she will receive a $2,500 bonus at year-end, a two-week paid vacation, and seven paid holidays. Prepare the entry to distribute her wages and the costs and liabilities related to bonus, vacation, and holiday pay. (Round all amounts to two decimal places.)An employee receives an hourly rate of $17, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 49; federal income tax withheld, $80; state income tax withheld is $22; social security tax rate, 6.2%; and Medicare tax rate, 1.45%. What is the net amount to be paid to the employee? Multiple Choice ) $737.92 $680.00 $909.50 $171.58
