1. JYD Accounting Firm pays its employees at a rate of P50/hr. The tax and other deductions amount to 20% of monthly income in excess of P1,000 if an employee works 40 hours in a 120 hours in a month.

How much is the gross payroll?

2. JYD Accounting Firm pays its employees at a rate of P50/hr. The tax and other deductions amount to 20% of monthly income in excess of P1,000 if an employee works 40 hours in a 120 hours in a month.

How much is the net pay?

3. Richard Corp has the following data for the third week of December:

Employee NameClassificationHours WorkedRate per hour

A. KuholLaborer45 50

B. AileenOffice Secretary46 45

C. JoseLaborer5052

D. JayFactory Supervisor5548

E. RichmondSales agent5260

F. EdwardLaborer4845

The following are to be deducted to the gross earnings of employees:

Witholding taxes5%

SSS contributions3%

Philhealth1%

love1%

Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40

hours.

How much is the gross payroll?

4. Richard Corp has the following data for the third week of December:

Employee NameClassificationHours WorkedRate per hour

G. KuholLaborer45 50

H. AileenOffice Secretary46 45

I. JoseLaborer5052

J. JayFactory Supervisor5548

K. RichmondSales agent5260

L. EdwardLaborer4845

The following are to be deducted to the gross earnings of employees:

Witholding taxes5%

SSS contributions3%

Philhealth1%

love1%

Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40

hours.

The amount charged to Work in Process account is how much?

5. Richard Corp has the following data for the third week of December:

Employee NameClassificationHours WorkedRate per hour

M. KuholLaborer45 50

N. AileenOffice Secretary46 45

O. JoseLaborer5052

P. JayFactory Supervisor5548

Q. RichmondSales agent5260

R. EdwardLaborer4845

The following are to be deducted to the gross earnings of employees:

Witholding taxes5%

SSS contributions3%

Philhealth1%

love1%

Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40

hours.

How much is the amount charged to Manufacturing Overhead?

6. Richard Corp has the following data for the third week of December:

Employee NameClassificationHours WorkedRate per hour

S. KuholLaborer45 50

T. AileenOffice Secretary46 45

U. JoseLaborer5052

V. JayFactory Supervisor5548

W. RichmondSales agent5260

X. EdwardLaborer4845

The following are to be deducted to the gross earnings of employees:

Witholding taxes5%

SSS contributions 3%

Philhealth1%

love1%

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?

Answer rating: 100% (QA)

Lets calculate the answers to each question step by step 1 Gross Payroll Calculation Regular rate per hour P50 Hours worked in a month 40 hours per week 4 weeks 160 hours Total gross payroll Regular r... View the full answer