Which of the following methods of payroll calculation offers minimum wage standards and overtime allowances for employees? O a. Differential pay O b. Variable Commission Scale O c. Hourly Rate of pay O d. Salary Plus Commission

Q: The payroll register includes sections for​ recording:

A:

Q: Performs an analysis of the rules and laws that regulate mandatory discounts and payments that…

A: Payroll Rules: According to the FLSA, people who are subject to its provisions must maintain…

Q: Record payroll for period.

A: Payroll is the list of amount due to each employee in return of services rendered by them. The net…

Q: how is "gross earnings" of $1021.01 derived?

A: Piece rate earnings means wages on the basis of pieces produced.

Q: A Payroll consists of Basic Pay, Allowances, Gross Salary, Deductions and Net Salary. The Allowances…

A: While calculating income under the head of salaries, one needs to add allowances (in terms and not…

Q: To match revenues and expenses properly, should the expense for employee vacation pay be recorded in…

A:

Q: Please answer this correctly. Thank you:) 1. Describe the two economic events that occur for…

A: Payroll is the compensation an employer pay to its employees for a set period or on a given date.

Q: When recording payroll tax expense, employers will generally include which of the following…

A: Gross pay of an employee is to be deducted for several taxes and then those taxes are the liability…

Q: The employer is responsible for which of the following payroll taxes? a. 6.2% FICA—OASDI tax b.…

A: Payroll taxes: Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

Q: Calculate the annual gross salary/wage

A: Normal working hours(Excluding idle time)= (52*5*8) - (12*8) - (17*8) = 2080-96-136 = 1848 Normal…

Q: The payroll journal for Northport Enterprises, Inc., is shown.  Social Security and Medicare are…

A: Income tax refers to the amount charged by the government from the individual and organizations on…

Q: Which one of the following statements about payroll is incorrect – * a. you must record an hourly…

A: ANSWER -  A payroll register is a record of all pay details for employees during a specific pay…

Q: The deparment that should pay the payroll is the: a. payroll deparment b. human resources…

A: Each business organization categorized their operations into different departments for example…

Q: 1- Payroll tax liability payments . А. Should be entered through pay bills. В. Can be entered…

A: In the process of recording transactions related to a business, every aspect of payment incurred and…

Q: Each wage-bracket table in Publication 15, Circular E contains columns that differ based on what…

A: The wage bracket method is the most important approach as it is straightforward approach, because it…

Q: An employee has total gross wages of $7,000, federal withholding of 15% and state withholding of 5%.…

A: Every Employer should pay the wages to its employees after deduction of Federal withholding, State…

Q: TRUE OR FALSE A minimum wage earner is not only tax exempt on his basic salary but also on holiday…

A: Minimum wage earners as defined in Section 22(HH) of this Code shall be exempt from the payment of…

Q: Which of the following type of information is not provided on a payroll register? a.regular rate of…

A: Payroll register: Payroll register is a form that is used by an employer to gather information on…

Q: Describe the types of application control used for the following data in a payroll system.a.…

A: Payroll system:

Q: n recording the payroll, the debit to an expense represents: Group of answer choices deductions…

A: The payroll journal entry is the initial recognition of payroll.

Q: Which of the following is true about employee pay methods? (You may select more than one answer.…

A: Employee’s pay disbursements includes the compensation which he will receive in consideration for…

Q: Required: a) Fill up the payroll sheets provided for the month of March for the current year using…

A: Payroll taxes: Payroll taxes can be defined as the amount of tax collected from the employer and…

Q: Compute the FICA taxes for each employee and the employer's FICA taxes. Round all computations to…

A: Under federal law, employers are required to deduct 6.2% of employees wages as his or her OASDI/EE…

Q: Which of the following compensation will be subject to graduated rates?

A: Answer : b) Basic salary only if the employee is not a minimum wage earner.

Q: When an employer does not have a sophisticated time-keeping system, it is valid to accrue a…

A: Payroll: A payroll is a total amount of money paid by employer to employees for time period the…

Q: Swenson Company has the following payroll procedures.Identify the payroll function to which each…

A: Payroll function format is not proper, Answer is posted with some understanding.

Q: Question 9: In a journal entry for employee payroll, what type of account is credited to record each…

A: Journal entries indicating the method of recording the business transactions in standard for of…

Q: 1. What was the amount of net pay? 2. Assuming Lightning Electronics also must pay $340 of…

A:

Q: The payroll business process has four major phases. Which phase does not have a journal entry? a.…

A: The payroll processing entails calculating the employees' "net pay" after all appropriate taxes and…

Q: total deductions on payroll register

A: Deductions are subtracted from total earned pay.

Q: Required: Prepare a journal entry to record the employer's share of payroll deductions. (Round the…

A: To account for employer payroll deductions, respective liability accounts are credited with the…

Q: An employer must always use a calendar year for payroll purposes. Agree or disagree and explain your…

A: Payroll refers to the amount of salaries or compensation paid to employees by the firm. It includes…

Q: To calculate the debit to payroll tax expense in recording the employer's payroll taxes the…

A: Employer payroll taxes means those tax expenses that are incurred by employer on behalf of employees…

Q: 1.Why do the employee deductions display as negative amounts on the Payroll Entry window 2.What are…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Differentiate wages and salaries in the 13th cheque and normal salary?

A: 13th cheque refers to the monthly salary paid which is paid in additional or 8.33% of the annual or…

Q: prepare the journal entry to record the payroll tax expense and fringe benefit expense for Webber…

A: Payroll Expenses For the Federal Taxes the Payroll deduction which are incurred for FICA social…

Q: To match revenues and expenses properly, should the expense for employee vacation pay be recorded in…

A:

Q: Assume that the MUST Co. pays a weekly payroll. Using the portion of the Wage Bracket Withholding…

A:

Q: Prepare a data flow diagram and a system flowchart of the payroll procedures previously described

A:

Q: 1. Assuming that net pay was directly deposited into the employee's bank accounts, prepare the…

A: Journal entry is made at the time when a business transaction or any other accruals has been…

Q: INPUT VALIDATIONDescribe the types of input edits used for the following data in a payrollsystem. a.…

A: Payroll System: Payroll system is that system which is used by the human resource department in an…

Q: how do you fill out and complete a payroll register for employees that are paid on a biweekly basis…

A: It is a record for a pay period that contains all the details regarding to "Employee hours worked,…

Q: a) What are the differences between time rate system and piece rate system? b) What do you…

A: a) Piece rate system is a method of wage payment to workers based on the quantity of output produced…

Q: 1. Record the entries for the payment of payroll and the employer's payroll tax expense in the…

A: Payroll tax expense = 67.69+15.82+74.00+21.84 = 179.35 Total Deductions includes Union dues of 10.80…

Q: 1. Journalize the entry to record the payroll. 2. Journalize the entry to record the employer's…

A: Payroll Payroll is considered to be one of the important segment in the entity and to distribute…