S MyPath - Home X Gradebook X Question 1 - Comprehensi X C Complete The Payroll Proc X Homework Help - Q&A frc X + X C & https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F.. 53 . . . Comprehensive Project (Part 2) i Saved Help Save & Exit Submit 20 Check my work Required information complete tie question by filling In all answers in the labs below. 100 points Employee Payroll Chinson Wayland Peppinico Success General Gross pay EERF EERF Cooper EERF Hissop EERF General Register EERF EERF Journal Ledger 04:11:45 Compute the hourly rates as well as the gross earnings for regular and overtime pay for each employee for the October 15 pay period. Rememi while you are computing an hourly rate for all employees, the regular pay for exempt employees should be calculated by taking their yearly sal Skipped dividing it by the number of semimonthly pay periods in a year. (Round answers for hourly rate or Period wages to 5 decimal places and all oth answers to 2 decimals.) eBook Hourly Rate or Period Last Name Wage (Rounded to 5 Pay Period Hours 10/1-10/15 Regular Overtime Commission Print Decimals) Chinson 88 hours (exempt) $ 1,500.00 References Wayland 88 hours (exempt) Peppinico 88 hours (exempt) Cooper 88 hours Hissop 93.25 hours Student 90 hours Mc Graw Hill Type here to search O B a Rain. 6:47 PM 12/5/2021S MyPath - Home X Gradebook X Question 1 - Compi X Homework Help - C X > Record the entry en X C Record The Entry To x + X C @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F.. 53 . . . Comprehensive Project (Part 2) i Saved Help Save & Exit Submit 20 Check my work For example, Cooper's salary is $62,000 and is a nonexempt employee, so the calculation will be $62,000/2,080, which would give you $29.80769 per hour. Example: Annual Salary to Hourly Rate, Nonexempt Employee 100 Employee Cooper's annual salary is $62,000, and he is a nonexempt employee. points Hourly rate = $62,000 / (52 x 40) = $62,000 / 2,080 Hourly rate = $29.80769 per hour 03:21:10 Example: Period Gross Pay, Salaried Employee Skipped Employee Chinson earns an annual salary of $48,000 and is paid semimonthly. Period gross pay = $48,000 / 24 = $2,000 gross pay For pay periods with holiday hours: determine the amount paid per day, multiply by the number of days applicable to eBook each pay period. Annual salary: $48,000 / (52 x 5) = $48,000 / 260 = $184.61538 (rounded to 5 decimal points) per day. Once you Print have the holiday pay, subtract it from their salary for the period for regular time. References After the gross pay has been calculated, round the result to only two decimal points prior to calculating taxes or other withholdings. Employees are paid for the following holidays occurring during the final quarter: . Thanksgiving day and the day after, Thursday and Friday, November 26-27. . Christmas, which is a Friday. Employees receive holiday pay for Thursday, December 24, and Friday, December Mc Graw Hill Type here to search O B a 7:37 PM 63OF 12/5/2021S MyPath - Home X Gradebook X Question 1 - Comprehensi X C Complete The Payroll Proc X Homework Help - Q&A frc X + X C @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F... 53 . . . Comprehensive Project (Part 2) i Saved Help Save & Exit Submit 20 Check my work Pay Periods 10/15 to 12/31 (6 periods) (Static) 100 Required: points 2. Complete the payroll process for Wayland Custom Woodworking's fourth quarter pay periods. Please note that for pay periods after October 15, you must carry the current ending year to date (YTD) amounts as they appear from the prior pay period from each 04:10:10 employee's Employee Earnings Records form (EERF) to the rows titled "Prior Period YTD". Amounts from the current pay period will be auto-populated to the employee EERFs once you complete the payroll register, and will be combined with the prior period YTD amounts to determine the new current ending YTD amounts. Skipped For example, if the year to date gross pay for Anthony Chinson is $5,000 after the October 31 pay period, you would take this amount and add it to the appropriate input box for gross pay on the "Prior Period YTD" row for their November 15 EERF. eBook Additionally, you must carry the ending balance from each account in the prior period General Ledger to the following period's General Print Ledger to the input boxes titled "Ending account balance from the prior period" before posting the payroll journal entries from the References current period to the Ledger. For additional instructions on how to carry information from one pay period to another, along with a guided walkthrough example of this process, refer to the project user guide in the project information section above. October Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 Mc Graw Prev 1 of 1 Next > Hill Type here to search O B a 6:48 PM Rain.. 12/5/2021S MyPath - Home X Gradebook X Question 1 - Comprehensi X C Complete The Payroll Proc X Homework Help - Q&A frc X + X C @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F... 53 . . . Comprehensive Project (Part 2) i Saved Help Save & Exit Submit 20 Check my work 10 12 ! Required information 100 No employee has additional information in Step 4 of their W-4s, all W-4s were received in 2020, no box 2c has been checked. Refer points page 5 of publication 15-T October 15 04:09:50 October 15 is the end of the first pay period for the month of October. Employee pay will be disbursed on October 19, 2020. Any time Skipped worked in excess of 88 hours during this pay period is considered overtime for nonexempt employees. Remember that the employees are paid on a semimonthly basis eBook . Complete the Employee Gross Pay tab. Print Complete the Payroll Register for October 15. References . Refer to the Employee Earnings Record Forms for each employee for the current YTD amounts after you have completed the October 15 Payroll Register. Amounts from the current period are auto-populated from the Payroll Register. . Complete the General Journal entries for the October 15 payroll. . Post the journal entries to the General Ledger. Complete the question by filling in all answers in the tabs below. Mc Graw Hill Type here to search O m B a 6:49 PM Rain... 12/5/2021 F