Question: 1. Under a modified wage plan, Jim Phillips works an eight-hour day and carns $.50 for each finished unithe produces in excess of 200 units.

1. Under a modified wage plan, Jim Phillips works an eight-hour day and carns $.50 for each finished unithe produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was afollows: Monday Tuesday Wednesday Thursday Friday 220 units 180 units 200 units 200 units 190 its min wage = $125/hr 8 hr/day $0.5 x26 a. Calculate Payroll Earnings and Make up Guarantee (Show Calculations).(2+3) b. Record the Payroll (2marks) Q2. Western Industries pays employees on a monthly basis. Earnings are subject to FICA, FUTA, SUTA and Federal Income Tax of 10%. Non Factory: Sales Administrative Factory: Direct labor Overtime premium Indirect labor Required: Journal Entries (10 marks) Record the Payroll Pay the Payroll Distribution of Payroll Recording of Tax Liability $ 5,000 10,000 $15,000 $25,000 2,500 15,000 $42,500 $57,500 3.Under a modified wage plan, an employee working an eight-hour day earns $.40 for each finished unit and is guaranteed $20 per hour as a minimum wage. At what level should the daily quota be set

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