Richard Corp has the following data for the third week of December: Employee Name Classification Hours...
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Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour S. Kuhol Laborer 45 50 Office Secretary Laborer T. Aileen 46 45 52 U. Jose V. Jay W. Richmond X. Edward 50 Factory Supervisor 55 Sales agent 48 52 60 Laborer 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes SSS contributions 5% 3% Philhealth 1% Pag-ibig 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. What is the total amount charged to Selling and Administrative expenses? Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour S. Kuhol Laborer 45 50 Office Secretary Laborer T. Aileen 46 45 52 U. Jose V. Jay W. Richmond X. Edward 50 Factory Supervisor 55 Sales agent 48 52 60 Laborer 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes SSS contributions 5% 3% Philhealth 1% Pag-ibig 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. What is the total amount charged to Selling and Administrative expenses?
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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