April Company has five salaried employees. Your task is to use the following information to prepare a
Question:
April Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee:
Assume the following:
1. FICA OASDI is 6.2% on $117,000; FICA Medicare is 1.45% on all earnings.
2. Each employee contributes $25 biweekly for medical insurance.
3. State income tax is 3% of gross pay.
4. FIT is calculated from Figure 7.2.
Transcribed Image Text:
Cumulative Earnings Before This Payroll S42,000 33,000 56,500 115,420 28,000 Biweekly Employee Bristow, Helen Fein, Kristen Kent, Hailey Barr, Brent Alden, Liam Allowance and Marital Status S-0 S-1 S-1 S-3 S-3 Salary Department $1,600 Customer Service 1,250 Office 1,050 Office 2,080 Customer Service 810 Customer Service
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (9 reviews)
PAYROLL REGISTER Employee Name Bristow H Fein K Kent H Barr B Alden L Bristow H Fein K Kent H ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
Question Posted:
Students also viewed these Cost Accounting questions
-
May Company has five salaried employees. Your task is to use the following information to calculate net pay for each employee: Assume the following: 1. FICA OASDI is 6.2% on $106,800; FICA Medicare...
-
Autumn Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee: Assume the following: 1. FICA OASDI is...
-
Nickels Company of Windsor has five salaried employees. Your task is to record the following information for the last week of March in a payroll register. Assume that each employee contributes $10...
-
2. National Defense (40 points). There are 11 countries in Europe who get utility from general consumption c, and from European national defense G. The utility of a generic country i is u(ci, G) =...
-
The critical angle for total internal reflection for a substance is 45 o . What is the polarizing angle for this substance?
-
Suppose Auchan (www.auchan.fr), a hypermarket chain based out of France, was considering opening three hypermarkets in the midwestern United States. What role would theory play in designing a...
-
What lump-sum amount of interest will be paid on a \($10,000\) loan that was made on 1 June 2011 and repaid on 1 September 2015, with ordinary simple interest at 10% per year?
-
At Richmond Company, prepayments are debited to expense when paid, and unearned revenues are credited to revenue when received. During January of the current year, the following transactions...
-
Comments 1. It seems as though any problem involving the time value of money can be solved using any of the tables or equations. The key is to always make it easy on yourself. Solve it in a way that...
-
Dresden Press is a company that offers desktop publishing services to clients. The staff produces items such as newsletters, brochures, programs, and catalogs. A staff of ten full-time employees...
-
From the following information, please complete the chart for gross earnings for the week. (Assume an overtime rate of time and a half over 40 hours.) Employee Jade Martina Lauren McBride Natala...
-
The bookkeeper of Triad Co. gathered the following data from individual employee earnings records and daily time cards. Your task is to complete a payroll register on October 13. Assume the...
-
Art Friedman started his business in 1970 as Friedmans Appliance, selling all types of major appliances. In 1976, Friedman changed the company name to Friedmans Microwave Ovens to match his new...
-
What is a cost-benefit analysis test?
-
Some numbers are shown in Table 13. 1. Explain where the numbers in Problems 18-22 come from. Table 13. 1 The 5,108 hands called a "flush" Royal flush 4 hands Other straight flush 36 hands Four of a...
-
Suppose you and an opponent each pick one of the spinners shown here. A "win" means spinning a higher number. Construct a sample space to answer each question, and tell which of the two spinners...
-
Show the result of the moves on Rubik's cube indicated in Problems 3-29. Remember that R, F, L, B, T, and U mean rotate \(90^{\circ}\) clockwise the right, front, left, back, top, and under faces,...
-
Consider the bowl containing marbles shown in Figure 13.7. Suppose each marble has an equal chance of being picked from the bowl. Figure 13. 7 Find: a. \(P(\) yellow) b. \(P\) (blue) c. \(P(\) green...
-
What would happen if the planning horizon for the master schedule were too short? Why?
-
The figure shows a bolted lap joint that uses SAE grade 8 bolts. The members are made of cold-drawn AISI 1040 steel. Find the safe tensile shear load F that can be applied to this connection if the...
-
The Hawk Company uses the periodic inventory system. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, (c) weighted-average methods. Loyola sells only one...
-
The Hawk Company uses the periodic inventory system. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, (c) weighted-average methods. Loyola sells only one...
-
Hobbs Companys March 1 inventory had a cost of $58,600 and a retail value of $74,800. During March, net purchases cost $253,400 with a retail value of $405,200. Net sales at retail for Hobbs Company...
-
Give a brief description of a product launch for any business firm/organization that you want to open or would want to work with in future. Provide at least two appropriate 'Call to Actions' for the...
-
Briefly explain the organizational pattern of a 'Feature Article'? Why is 'tension' so important in a Feature article?
-
Cemex has an enviable past, a struggling present and an uncertain future. The company boasts of a century-old history and has weathered many a storm in an unfriendly Mexican business environment....
Study smarter with the SolutionInn App