In the Continuing Payroll Problem A, presented at the end of succeeding chapters, you will gain experience in computing wages and salaries and preparing a payroll register for Kipley Company, Inc., a newly formed corporation. At the end of subsequent chapters, information will be presented so that the payroll register can be completed step by step as you proceed through the discussion material relating to that particular section of the payroll register.
Kipley Company is a small manufacturing firm located in Pittsburgh, Pennsylvania. The company has a workforce of both hourly and salaried employees. Each employee is paid for hours actually worked during each week, with the time worked being recorded in quarter-hour increments. The standard workweek consists of 40 hours, with all employees being paid time and one-half for any hours worked beyond the 40 regular hours.
Wages are paid every Friday, with one week's pay being held back by the company. Thus, the first payday for Kipley Company is January 14 for the workweek ending January 8 (Saturday).
The information below will be used in preparing the payroll for the pay period ending January 8.

Ms. Glenda B. Robey prepares the time clerk's report for each pay period. Her report for the first week of operations is given below.

Time Card No. Employee Name Hourly Wage or Salary $ 17.50 per hour 17.25 per hour 18.10 per hour 17.90 per hour 19.75 per hour 515 per week 2,700 per month 3,350 per month 2,510 per month 52,000 per year 11 Fran M. Carson 12 William A. Wilson Harry T. Utley Lawrence R. Fife Lucy K. Smith Gretchen R. Fay Glenda B. Robey Thomas K. Schork Barbara T. Hardy Carson C. Kipley 13 21 22 31 32 33 51 99 TIME CLERK'S REPORT NO. 1 For Period Ending January 8, 20- Time Record Time Time Employee Worked" Lost 11 12 13 Fran M. Carson 40 48 37% 46 William A. Wilson Harry T. Utley Lawrence R. Fife 2% re. tardy 21 10 10 22 31 Lucy K. Smith 40 Gretchen R. Fay 41 4 40 40 Glenda B. Robey Thomas K. Schork Barbara T. Hardy Carson C. Kipley 32 33 51 99 40 | ||| * || * |