Adams, Inc., pays its employees' weekly wages in cash. A supplementary payroll sheet that lists the employees' names and their earnings for a certain week is shown below. Complete the payroll sheet by calculating the total amount of payroll and indicating the least possible number of denominations that can be used in paying each employee. However, no employees are to be given bills in denominations greater than $20.
Answer to relevant QuestionsUnder the FLSA, what information concerning employees' wages earned must be maintained by the employer?Under the Family and Medical Leave Act, what is the maximum number of weeks of unpaid leave that a covered employer is required to offer an employee whose spouse is seriously ill?What two basic records are generated in most payroll accounting systems?Carmen Santos is owner and sole employee of CS Corporation.He pays himself a salary of $2,400 this week.Additional tax information includes:FICA tax—OASDI. . . . . . . . . . . . . . . . . . . . . . . . . 4.2% on first ...John Torre is the only employee of Bambert Company. His pay rate is $19.70 per hour with an overtime rate of 1½ time for hours over 40 in a workweek. For the week ending March 31, 20--, he worked 44 hours. Calculate his ...
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