Q4: Solve the following 2 problems related to employee compensation CLR 1-Obj. 4 L2 a. Jon is employed at annual salary of $41995. His regular work week is 38 hours and he is paid semi-monthly i. What is Jon's Gross pay per period? ii. What is hourly rate of pay? iii. What is his gross pay for a period in which work 12 hours of overtime and heis paid overtime at time and a halfof b. What is a salesperson's commission on net sales of $17800 if the commission is paid on a sliding scale of 7¼% on the first $7000, 8%% on the next $8000 and 12.5% on sales over $15000?
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- 2 Online teachin x DoMyHomework123.com - Orde x ment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogress3false Computing Overtime Rate of Pay and Gross Weekly Pay Mike Fritz receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Fritz's overtime rate of pay. overtime pay per hour b. Calculate Fritz's total gross weekly pay if he works 47 hours during the week. Previous Next 9:09 AM A 40) 3/22/2021 EGO Prisc Deletg F4 262 %24 Backsnac 4. ReNOWv2 | Online teachin X Assignment/takeAssignmentMain.do?inprogress=true 它☆ Maps Facebook Zoom O Student Center Bb Blackboard WhatsApp G grammarly unemployment Sunny Hills Farm estimated its payroll for the coming year to be $102,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter. Required: 1. Calculate the estimated cost of workers' compensation insurance for the year. 2. Show the journal entry for the first quarterly payment on January 2, 20-. If an amount box does not require an entry, leave it blank. Page: POST. DATE DESCRIPTION DEBIT CREDIT REF. 1 Jan. 2 1 2. 2. %24CengageNOWv21Online teachin X ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator=assignment-take&inprogress-false Calculate Payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Administrator Computer Programmer Consultant $50 per hour $36 per hour $2,510 per week Regular earnings rate 1.5 times hourly rate 2 times hourly rate Not applicable Overtime earnings rate $500 $253 $930 Federal income tax withheld For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. For the current pay period, the computer programmer worked 52 hours and the administrator worked 61 hours. Assume further that the social security tax rate was 6%, and the Medicare tax rate was 1.5 %. Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are…
- my.sharepoint.com/w:/t/personal/hayess_students_an_edu/_layouts/15/Docaspx?sourcedoc=(c6 anvas erences Review View Help Editing i Share A^ A U Ov Av Ao E E E E E ACC200 PRINCIPLES OF ACCOUNTING III ASSIGNMENT 4 EA1. LO 6.1Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hours FA21- you will enter the DCL, OH, BCL, M$, and M% that report for each of your staff for the entire project, so don't forget to multiply the hourly figures by the number of hours per employee. (Omit the $$ sign, and use 2 decimal places. Example: 1234.56) Principle: DCL OH BCL M$ M% Project manager: DCL OH BCL M$ M% Project engineer DCL OH BCL M$ M% Staff engineer DCL OH BCL M$ M% AutoCAD technician DCL OH BCL M$ M% Administrative Assistant DCL OH BCL M$ M% 2- You will also enter the TOTAL DCL, OH, BCL, M$ AND M% for the project as a whole. 3- The target profit margin (M%) for your firm is: (Omit the % sign, and use 1 decimal place. Example: 12.3) 4- The 'ideal' annual salary for the Principal at his current billing rate is: (Omit the $ sign, and don't include cents. Example: 123,000) 5- The 'ideal' annual salary for the Project Manager at her current billing rate is: (Omit the $ sign, and don't…Question 16 - Chapter 9 homework Connect tps://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=D0&launchUrl=https%253A%252F%252Flms.mheducation.co.. omework G Saved Help Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay through August 31 $. Gross Pay for September 6,400 2,000 122,100 a. 800 b. 2,100 8,000 Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. nces Раyroll Taxes Expense General…
- Max's Enterprise operates using the Rowan Bonus Scheme. From its production work during the week ending April 24th, an employee whose basic hourly rate of pay is $14 was assigned the following job which the employee completed. Time taken Job# Time allowed 10 7 hours 45 minutes 6 hours 15 minutes What is the employee's basic pay if the Rowan Bonus Scheme was used? Select one: O A. $75 O B. $84 O C. $87.50 OD. $62.50p.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhe D and P Indeed 6 Monster Jobs w Degree Programs O L02 A Hearn: Student Da.. 6 Consumer Center ework: Assignment 1 i Saved Perez Company reported the following operating results for two consecutive years: Required Compute each income statement component for each of the two years as a percentage of sales due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be e PEREZ COMPANY Vertical Analysis of Income Statements Percentage of Sales Percentage of Sales Year 4 Year 3 Sales 1,077,500 00S'000'L Cost of goods sold 550,275 000 Z09 Gross margin on sales 450,225 475,500 Operating expenses 130,500 149,800 319.725 325,700 Income before taxes 79.700 81,800 Income taxes 240.025 243.900 % Net incomeQ1. After selection of an Employee, the Human Resource Department decide the following salary breakup. Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.) Case # 01 So: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month. Q2. If the Basic Salary of the employee is Rs.12000 Calculate the Total Gross Remuneration of that particular employee.
- Q1. After selection of an Employee, the Human Resource Department decide the following salary breakup. Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.) Case # 01 So: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month.Online Test Window-Google Chrome tests.mettl.com/test-window/f55ac827#/testWindow/0/6/1 EY Accounting Assessment Total 00:55.46 Finish Test Section 1 of 1 Section #1 v 12 5. 7 8. 6. 10 11 7 of 45 All 2 43 Question #7 GRevisit Choose the best option Wages paid to own employees who have redecorated the office are O capital expenditure. debited to profit and loss account. debited to premises account., O credited to profit and loss account. Frev Question Next Question +91-82878-03040 Zaineh | Support +1-650-924-9221 4:12 PM metti 1/16/20213: Job Order G Gullett Corporation had S30,00 ezto.mheducation.com temal browser-D08launchUrl=https%253A%252F%2 www.facebo.. E IUKL LMS موفيز فور يوا مشاهد. . . O Get Homework Hel... WhatsApp AS Goal |. påluo u Article Rewriter Too. Spinbot.com - Artic. AFolder- Google Dri. o Order Costing 0 Saved Help Save & E On November 1, Arvelo Corporation had $34,500 of raw materials on hand. During the month, the company purchased an additional $75.500 of raw materials. During November, $90,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,500. Prepare journal entries to record these events. Use those journal entries to answer the following questions: The credits to the Raw Materials account for the month of November total: Multiple Choice $90,000 $110,000 $75,500 $34,500 30°C Mostly sunny a D d) E