The payroll records of Linda Vista Machining Co. show the following information for the week ended April
Question:
The payroll records of Linda Vista Machining Co. show the following information for the week ended April 17:
Hourly workers are paid time-and-a-half for overtime.
a. Determine the net earnings of each employee.
b. Prepare the journal entries for the following:
1. Recording the payroll.
2. Paying the payroll.
3. Distributing the payroll. (Assume that the overtime premium will be distributed to all jobs worked on during the period.)
4. Recording the employer's payroll taxes. (Assume that none of the employees has achieved the maximum wage bases for FICA and unemploymenttaxes.)
Transcribed Image Text:
Income Hours Production Tax Employee Classification Worked (Units) Manressa, C. Direct Dorr, M. Ginty, D Norris, D. Direct Rancifer, K. Indirect Greer, B Holbert, R. Indirect Rate W/held S 80 84 2,000 $0.44/piece 110 1,800 $0.44/piece 100 100 240 120 42 48 39 $18.00hr $17.60hr Direct Direct 40 $800/wk $1,600/wk $1.400/wk Indirect 50
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