Question

Betsy Strand’s regular hourly wage rate is $30, and she receives an hourly rate of $45 for work in excess of 40 hours. During a January pay period, Betsy works 48 hours. Betsy’s federal income tax withholding is $98, and she has no voluntary deductions. Compute Betsy Strand’s gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65% Betsy Strand’s gross earnings= Betsy Strand's Net pay=

Answer #1

Beth Corbin’s regular hourly wage rate is $16, and she receives
an hourly rate of $24 for work in excess of 40 hours. During a
January pay period, Beth works 47.00 hours. Beth’s federal income
tax withholding is $101.00, and she has no voluntary deductions and
the FICA tax rate is 7.65%.
Compute Beth Corbin’s gross earnings and net pay for the pay
period. (Round answers to 2 decimal places, e.g.
15.25.)
Gross earnings
$
Net pay
$

Beth Corbin’s regular hourly wage rate is $16, and she receives
an hourly rate of $24 for work in excess of 40 hours. During a
January pay period, Beth works 45 hours. Beth’s federal income tax
withholding is $95, and she has no voluntary deductions. Use
January 15 for the end of the pay period and the payment date.
Prepare the journal entries to record (a) Beth’s pay for the period
and (b) the payment of Beth’s wages

Laura Strand’s regular hourly wage rate is $20, and she receives
an hourly rate of $30 for work in excess of 40 hours. During a
January pay period, Laura works 45 hours. Laura’s federal income
tax withholding is $94.00, and she has no voluntary deductions.
Assume that the FICA tax rate is 7.65%.
Prepare the employer’s journal entries to record (a) Laura’s pay
for the period and (b) the payment of Laura’s wages. Use January 15
for the end of...

Jaflin Garza's regular hourly wage rate is $13.50, and she
receives a wage of 1½ times the regular hourly rate for work in
excess of 40 hours. During a March weekly pay period, Jaflin worked
42 hours. Her gross earnings prior to the current week were $5,800.
Jaflin is married and claims three withholding allowances. Her only
voluntary deduction is for group hospitalization insurance at $20
per week.
gross earnings 580.50
fica tax 44.41
fit withheld 19.00
state income tax...

Exercise 11-09 a-b
Juli Garza's regular hourly wage rate is $14.50, and she
receives a wage of 1½ times the regular hourly rate for work in
excess of 40 hours. During a March weekly pay period, Juli worked
44 hours. Her gross earnings prior to the current week were $7,300.
Juli is married and claims three withholding allowances. Her only
voluntary deduction is for group hospitalization insurance at $20
per week.
MARRIED Persons ―
WEEKLY Payroll Period
(For Wages Paid...

1. Sam receives a regular wage of $15 per hour for a 40 hour
week. he receives one and one-half his regular hourly rate for
hours over 40 per week and twice his normal rate for Sundays and
holidays. Last week Sam worked 62 hours including 8 hours on a
holiday. Calculate Sam's gross pay.
2. Calculate Sam's social security and Medicare tax.
3. Assume Sam's federal income tax is $155, union dues are $7
and life insurance is $15.60....

Calculate Payroll
Breakin Away Company has three employees—a consultant, a
computer programmer, and an administrator. The following payroll
information is available for each employee:
Consultant
Computer Programmer
Administrator
Regular earnings rate
$4,000 per week
$60 per hour
$50 per hour
Overtime earnings rate*
Not applicable
1.5 times hourly rate
2 times hourly rate
Number of withholding allowances
2
1
2
*For hourly employees, overtime is paid for hours
worked in excess of 40 hours per week.
For the current pay...

Breakin Away Company
has three employees—a consultant, a computer programmer, and an
administrator. The following payroll information is available for
each employee:
Consultant
Computer Programmer
Administrator
Regular earnings rate
$4,000 per week
$60 per hour
$50 per hour
Overtime earnings rate*
Not applicable
1.5 times hourly rate
2 times hourly rate
Number of withholding allowances
2
1
2
* For hourly employees, overtime is paid for hours
worked in excess of 40 hours per week.
For the current pay
period,...

Calculate Payroll
Breakin Away Company has three employees—a consultant, a
computer programmer, and an administrator. The following payroll
information is available for each employee:
Consultant
Computer Programmer
Administrator
Regular earnings rate
$4,000 per week
$60 per hour
$50 per hour
Overtime earnings rate*
Not applicable
1.5 times hourly rate
2 times hourly rate
Number of withholding allowances
2
1
2
*For hourly employees, overtime is paid for hours
worked in excess of 40 hours per week.
For the current pay...

Jesse Daniels is a commission-based employee who is single with
one withholding allowance. She is paid $7.00/hour and receives a 5
percent commission on net sales. She does not receive commissions
until her net sales exceed $58,000 during a weekly period at Perous
Pharmaceuticals. For the week ending May 5, 20XX, she worked 48
hours and sold $70,000 of medicinals but had $1,400 of returns from
last week’s sales. Company policy requires that commissions on
returned sales be deducted from...

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