Garden Grove pays its employee one and one-half times the regular rate for hours worked over...

  

Transcribed Image Text:

Garden Grove pays its employee one and one-half times the regular rate for hours worked over 40 hours and the rate for hours worked on Sunday is twice the regular rate. The following are deductions from gross earnings: SSS 8%; Philhealth 2%; Pag-ibig 2% and Income tax 25%. Required: Compute the total amount to be charged to (a) Work in Process and (b) Factory Overhead. Compute for the net pay. Name Position Gross Name Pay P100,000 Fred Dela Cruz Allan Bill Carl Dom Eric General Manager Finance Supervisor A/R Staff A/P Staff Inventory Staff S&M Supervisor 45,000 Gill 25,000 Hall 23,000 Jack 20,000 Larry 50,000 Mark Position Sales Assistant Sales Assistant Production Supervisor Laborer Laborer Laborer Gross Name Pay 30,000 No 29,000 Orly 47,000 Pete 15,000 Rocky 14,000 Steph 13,000 Troy Position Laborer Laborer Laborer Electrical Maintenance Electrical Maintenance Mechanical Maintenance Gross Pay 12,000 12,000 12,000 30,000 28,000 27,000 CBA Company pays the general manager every 15th of the month and all other employees twice a month (15th and end of the month). Use the corresponding SSS, Philhealth, Pag-ibig and Withholding Tax Tables applicable for 2021. Required: Prepare the payroll register for 15th and end of the month with corresponding payroll entries including employer share and remittances. Garden Grove pays its employee one and one-half times the regular rate for hours worked over 40 hours and the rate for hours worked on Sunday is twice the regular rate. The following are deductions from gross earnings: SSS 8%; Philhealth 2%; Pag-ibig 2% and Income tax 25%. Required: Compute the total amount to be charged to (a) Work in Process and (b) Factory Overhead. Compute for the net pay. Name Position Gross Name Pay P100,000 Fred Dela Cruz Allan Bill Carl Dom Eric General Manager Finance Supervisor A/R Staff A/P Staff Inventory Staff S&M Supervisor 45,000 Gill 25,000 Hall 23,000 Jack 20,000 Larry 50,000 Mark Position Sales Assistant Sales Assistant Production Supervisor Laborer Laborer Laborer Gross Name Pay 30,000 No 29,000 Orly 47,000 Pete 15,000 Rocky 14,000 Steph 13,000 Troy Position Laborer Laborer Laborer Electrical Maintenance Electrical Maintenance Mechanical Maintenance Gross Pay 12,000 12,000 12,000 30,000 28,000 27,000 CBA Company pays the general manager every 15th of the month and all other employees twice a month (15th and end of the month). Use the corresponding SSS, Philhealth, Pag-ibig and Withholding Tax Tables applicable for 2021. Required: Prepare the payroll register for 15th and end of the month with corresponding payroll entries including employer share and remittances.

Answer rating: 100% (QA)

To prepare the payroll register for CBA Company we need to calculate the gross pay deductions net pay and employer contributions for each employee Based on the provided information the following are t... View the full answer