From the given data, compute the following: Record the amounts withheld for group and health insurance and
Question:
From the given data, compute the following:
Record the amounts withheld for group and health insurance and calculate the net pay for each employee.
Record the amount to be withheld for health insurance. Each employee contributes $1.65 each week toward the cost of health insurance.
Record the net pay for each employee. The net pay for each employee is obtained by subtracting the total amount of all deductions from the total earnings. Each worker is to be paid by check. Assign check numbers commencing with No. 313. Foot all money columns of the payroll register, and prove the accuracy of the column totals.
| Time Card No. | Employee Name | Hourly Wage or Salary |
| 11 | Fran M. Carson | $ 17.50 per hour |
| 12 | William A. Wilson | 17.25 per hour |
| 13 | Harry T. Utley | 18.10 per hour |
| 21 | Lawrence R. Fife | 17.90 per hour |
| 22 | Lucy K. Smith | 19.75 per hour |
| 31 | Gretchen R. Fay | 515 per week |
| 32 | Glenda B. Robey | 2,700 per month |
| 33 | Thomas K. Schork | 3,350 per month |
| 51 | Barbara T. Hardy | 2,510 per month |
| 99 | Carson C. Kipley | 52,000 per year |
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.
Continuing payroll problem-A, KIPLEY COMPANY, INC.
| PAYROLL REGISTER | ||||||||||||||
| FOR PERIOD ENDING | | January 8, 20 - - | | | | | | | | |||||
| | | | | | | | | | | | | | | |
| | | | MARITAL STATUS | NO. OF W/H ALLOW. | REGULAR EARNINGS | OVERTIME EARNINGS | | | ||||||
| | | | HOURS WORKED | RATE PER HOUR | | | HOURS WORKED | RATE PER HOUR | | | | | ||
| | | | | | TOTAL | | ||||||||
| EMPLOYEE | AMOUNT | | AMOUNT | | EARNINGS | | ||||||||
| 11 Carson, Fran M. | | S | 1 | 40 | $17.50 | 700.00 | | | $0.00 | | | 700.00 | | |
| 12 Wilson, William A. | S | 0 | 40 | $17.25 | 690.00 | | 8 | $25.88 | 207.00 | | 897.00 | | ||
| 13 Utley, Harry T. | | M | 2 | 37.5 | $18.10 | 678.75 | | | $0.00 | | | 678.75 | | |
| 21 Fife, Lawrence R. | | M | 4 | 40 | $17.90 | 716.00 | | 6 | $26.85 | 161.10 | | 877.10 | | |
| 22 Smith, Lucy K. | | S | 2 | 40 | $19.75 | 790.00 | | | $0.00 | | | 790.00 | | |
| 31 Fay, Gretchen R. | | M | 3 | 40 | $12.88 | 515.20 | | 1.25 | $19.32 | 24.15 | | 539.50 | | |
| 32 Robey, Glenda B. | M | 6 | 40 | $15.58 | 623.20 | | | $0.00 | | | 623.20 | | ||
| 33 Schork, Thomas K. | S | 1 | 40 | $19.33 | 773.20 | | | $0.00 | | | 773.20 | | ||
| 51 Hardy, Barbara T. | | M | 5 | 40 | $14.48 | 579.20 | | 4 | $21.72 | 86.88 | | 666.08 | | |
| 99 Kipley, Carson C. | | M | 7 | 40 | $25.00 | 1,000.00 | | | $0.00 | | | 1,000.00 | | |
| Totals | | | | | | | 7,065.55 | | | | 479.13 | | 7,544.68 | * |
| | | | | | | | | | | | | | | |
Expert Answer:
The following would be the actual net pay calculation adding up total hours worked x rate per hour ... View the full answer
