Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

From the given data, compute the following: Record the amounts withheld for group and health insurance and calculate the net pay for each employee. Record

From the given data, compute the following:

Record the amounts withheld for group and health insurance and calculate the net pay for each employee.

Record the amount to be withheld for health insurance. Each employee contributes $1.65 each week toward the cost of health insurance.

Record the net pay for each employee. The net pay for each employee is obtained by subtracting the total amount of all deductions from the total earnings. Each worker is to be paid by check. Assign check numbers commencing with No. 313. Foot all money columns of the payroll register, and prove the accuracy of the column totals.




Time Card No.

Employee Name

Hourly Wage or Salary

11

Fran M. Carson

$ 17.50 per hour

12

William A. Wilson

17.25 per hour

13

Harry T. Utley

18.10 per hour

21

Lawrence R. Fife

17.90 per hour

22

Lucy K. Smith

19.75 per hour

31

Gretchen R. Fay

515 per week

32

Glenda B. Robey

2,700 per month

33

Thomas K. Schork

3,350 per month

51

Barbara T. Hardy

2,510 per month

99

Carson C. Kipley

52,000 per year


Ms. Glenda B. Robey prepares the time clerk's report for each pay period. Her report for the first week of operations is given below.

Continuing payroll problem-A, KIPLEY COMPANY, INC.


PAYROLL REGISTER

FOR PERIOD ENDING


January 8, 20 - -


























MARITAL STATUS

NO. OF W/H ALLOW.

REGULAR EARNINGS

OVERTIME EARNINGS






HOURS WORKED

RATE PER HOUR



HOURS WORKED

RATE PER HOUR










TOTAL


EMPLOYEE

AMOUNT


AMOUNT


EARNINGS


11 Carson, Fran M.


S

1

40

$17.50

700.00



$0.00



700.00


12 Wilson, William A.

S

0

40

$17.25

690.00


8

$25.88

207.00


897.00


13 Utley, Harry T.


M

2

37.5

$18.10

678.75



$0.00



678.75


21 Fife, Lawrence R.


M

4

40

$17.90

716.00


6

$26.85

161.10


877.10


22 Smith, Lucy K.


S

2

40

$19.75

790.00



$0.00



790.00


31 Fay, Gretchen R.


M

3

40

$12.88

515.20


1.25

$19.32

24.15


539.50


32 Robey, Glenda B.

M

6

40

$15.58

623.20



$0.00



623.20


33 Schork, Thomas K.

S

1

40

$19.33

773.20



$0.00



773.20


51 Hardy, Barbara T.


M

5

40

$14.48

579.20


4

$21.72

86.88


666.08


99 Kipley, Carson C.


M

7

40

$25.00

1,000.00



$0.00



1,000.00


Totals







7,065.55




479.13


7,544.68

*

















Step by Step Solution

3.45 Rating (165 Votes )

There are 3 Steps involved in it

Step: 1

The following would be the actual net pay calculation adding up total hours worked x rate per hour ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Document Format ( 2 attachments)

PDF file Icon
60945ad45454d_24760.pdf

180 KBs PDF File

Word file Icon
60945ad45454d_24760.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach

Authors: Jeffrey Slater

12th edition

978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233

More Books

Students also viewed these Accounting questions

Question

What activities do you enjoy when you are not working?

Answered: 1 week ago

Question

What is a lobbyist in US? How did this term emerge?

Answered: 1 week ago