Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Calculate Payroll
Donohue Professional Services has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
Consultant
Computer programmer
Administrator
Regular earning rate
2610 per week
$30 per hour
$44 per hour
Overtime earning rate
NA
1.5 time hourly rate
2 times hourly rate
Number of withholding allowances
3
2
1
For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $340.44 to 28% of the difference between the employee's amount subject to withholding and $1,687.00. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.
Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.
Gross pay
$
Net pay
1.identify and explain the primary differences between fixed and flexible budgets.2.describe at least five benefits of
In which building would you recommend that Brubaker Inc. locate, assuming a 12% cost of funds?
a corporation with both preferred stock and common stock outstanding has a substantial credit balance in its retained
For the year ended December 31, 2013, Lopez Company has implemented an employee bonus program equal to 3% of Lopez's net income
Compute the new break-even point. What strategies might Boing use to help assure profitable operations in light of increases in variable costs?
What is the E&P of Purple Corporation after the property distribution?
Describe financial statements users (internal and external) . Who will benefit the most from accounting?
Calculate the loss recorded on the sale assuming ABC Company was using the straight-line method to depreciate the equipment.
Jane, Jon, and Clyde incorporate their respective businesses and form Starling Corporation. On March 1 of the current year, Jane exchanges her property (basis of $50,000 and value of $150,000) for 150 shares in Starling Corporation.
paymore products places orders for goods equal to 75 of its sales forecast in the next quarter. the sales forecasts for
What accounts does a company debit and credit in a prepaid expense adjusting entry? What accounts are debited and credited in an unearned revenue adjusting entry.
werner chemical inc leased a protein analyzer on 30th september 2013. the five-year lease agreement calls for werner to
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd