In the Continuing Payroll Problem B, presented at the end of succeeding chapters, you will gain experience in computing wages and salaries and preparing a payroll register for Olney Company, Inc., a newly formed corporation. At the end of subsequent chapters, the 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. Olney Company is a small manufacturing firm located in Newtown, 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 weeks pay being held back by the company. Thus, the first payday for Olney Company is January 14 for the work week ending January 8 (Saturday). The information below will be used in preparing the payroll for the pay period ending January 8, 20--.

Time Card No. Employee Name Hourly Wage or Salary 11 Rob A. Mangino $ 18.50 per hour 12 Inga C. Flores 19.25 per hour 13 Carson S. Palmetto 17.80 per hour 21 Randy F. Waters 20.70 per hour 22 Cathy T. Kroll 23.80 per hour 31 Carmen V. Ruppert 800 per week 32 William M. Scott 780 per week 33 Sarah A. Wickman 3,500 per month 51 Lucas T. Foley 4,500 per month 99 Marshal W. Olney 78,000 per year

FILL OUT DEDUCTIONS, NETPAY AND TAXABLE EARNINGS!!!!!!!!! ALREADY HAVE REGULAR EARNINGS AND OVERTIME. LOOKING FOR THE BLANK FILLED BOXES

Continuing Payroll Problem-B OLNEY COMPANY, INC. PAYROLL REGISTER FOR PERIOD ENDING January 8,20 Continuing Payroll Problem-B OLNEY COMPANY, INC. PAYROLL REGISTER FOR PERIOD ENDING January 8,20