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.

*All employees, except for Carson Kipley, are paid for hours worked beyond 40 at one and one-half times their regular hourly rate of pay.

Using the payroll register for Kipley Company, which is reproduced in the Payroll Register, proceed at the back of the book, proceed as follows:

Enter each employee's time card number and name in the appropriate columns.

Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference.

Complete the Regular Earnings columns (Rate per Hour and Amount) and the Overtime Earnings columns (Rate per Hour and Amount) for each hourly employee. For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked.

Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings.

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Time Card No. 11 12 13 21 22 31 32 33 51 99 Employee Name Fran M. Carson 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 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 Employee 11 Fran M. Carson 12 13 21 22 31 32 33 51 99 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 TIME CLERK'S REPORT NO. 1 For Period Ending January 8, 20-- M 8 8 8 8 8 Time Record T W T F 8 8 8 8 8 10 10 8 8 8 8 8 ∞∞50% Oo oo 00 8 ∞ ∞ ∞ ∞ ∞ ∞ ∞ ∞ ∞ 8 8 8 8 8 8 5½ 8 8 8 8 8 8 10 ∞ ∞ ∞ ∞ ∞ ∞ ∞ ∞o Do Do 8 8 8 8 8 8 8 ∞∞∞∞∞ ∞ ∞ ∞o Do 8 8 8 8 8 S 8 | ∞ || | \ | | + 4 Time Worked 40 48 37% 46 40 41/4 40 40 40 Time Lost 2½ hrs. tardy Time Card No. 11 12 13 21 22 31 32 33 51 99 Employee Name Fran M. Carson 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 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 Employee 11 Fran M. Carson 12 13 21 22 31 32 33 51 99 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 TIME CLERK'S REPORT NO. 1 For Period Ending January 8, 20-- M 8 8 8 8 8 Time Record T W T F 8 8 8 8 8 10 10 8 8 8 8 8 ∞∞50% Oo oo 00 8 ∞ ∞ ∞ ∞ ∞ ∞ ∞ ∞ ∞ 8 8 8 8 8 8 5½ 8 8 8 8 8 8 10 ∞ ∞ ∞ ∞ ∞ ∞ ∞ ∞o Do Do 8 8 8 8 8 8 8 ∞∞∞∞∞ ∞ ∞ ∞o Do 8 8 8 8 8 S 8 | ∞ || | \ | | + 4 Time Worked 40 48 37% 46 40 41/4 40 40 40 Time Lost 2½ hrs. tardy

Answer rating: 100% (QA)

2625 172515 Payroll Report for Kipley Company in Regular Ear... View the full answer