You are required to prepare the payroll for two weeks ended June 30, 2018, and the...

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You are required to prepare the payroll for two weeks ended June 30, 2018, and the corresponding entries, based on the following information: Rate Regu- Over- Monthly Per lar Time Gross Gross Pay Withhold- Hour Hours Hours Pay June 1-15 ing Tax (June 1-15) G. Godoy P125 96 P24,000 P12,500 None H.Hicap 75 95 10 14,400 8,750 None I. Inigo 75 92 6 14,400 8,125 None J. Joson 75 96 12 14,400 9,000 None K. Kanta 70 90 4 13,440 8,500 None L. Layug 65 96 10 12,480 7,500 None Overtime premium is 30%. J. Joson worked for four(4) hours on a holiday because of the rush nature of Job Order 603. Other overtime work is due to the greater volume of work for the month. Payroll deductions include union dues of P125 from each worker aside from SSS, Philhealth, and Pag-ibig premiums. All payroll deductions will be computed and deducted at the end of the month, as there were no earlier deductions made. G. Godoy is the foreman with the others as his workers or direct laborers. Idle time of the workers is due to the routinary matter of machine check ups aside from oiling them. The time cards for the two weeks ended June 30, 2018, show the following: JOBS WORKED ON (HOURS) (June 16-30) JO 601 JO 602 JO 603 JO 604 Others Hours H. Hicap 30 38 14 20 I. Inigo 24 34 20 6 Oiling 10 J. Joson 26 40 40 K. Kanta 18 20 50 L. Layug 38 24 32 Inspection 8 You are required to prepare the payroll for two weeks ended June 30, 2018, and the corresponding entries, based on the following information: Rate Regu- Over- Monthly Per lar Time Gross Gross Pay Withhold- Hour Hours Hours Pay June 1-15 ing Tax (June 1-15) G. Godoy P125 96 P24,000 P12,500 None H.Hicap 75 95 10 14,400 8,750 None I. Inigo 75 92 6 14,400 8,125 None J. Joson 75 96 12 14,400 9,000 None K. Kanta 70 90 4 13,440 8,500 None L. Layug 65 96 10 12,480 7,500 None Overtime premium is 30%. J. Joson worked for four(4) hours on a holiday because of the rush nature of Job Order 603. Other overtime work is due to the greater volume of work for the month. Payroll deductions include union dues of P125 from each worker aside from SSS, Philhealth, and Pag-ibig premiums. All payroll deductions will be computed and deducted at the end of the month, as there were no earlier deductions made. G. Godoy is the foreman with the others as his workers or direct laborers. Idle time of the workers is due to the routinary matter of machine check ups aside from oiling them. The time cards for the two weeks ended June 30, 2018, show the following: JOBS WORKED ON (HOURS) (June 16-30) JO 601 JO 602 JO 603 JO 604 Others Hours H. Hicap 30 38 14 20 I. Inigo 24 34 20 6 Oiling 10 J. Joson 26 40 40 K. Kanta 18 20 50 L. Layug 38 24 32 Inspection 8

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Answer To prepare the payroll for the two weeks ended June 30 2018 we need to calculate the regular and overtime pay for each employee based on their ... View the full answer