Question
Complete the following payroll register for employees of Corby Company for the week ended March 1. Taxable earnings should be computed on the basis of
Complete the following payroll register for employees of Corby Company for the week ended March 1. Taxable earnings should be computed on the basis of a 40-hour week with overtime earnings being paid at time and one-half for all hours over 40 each workweek (no overtime for salaried employees). Note: Carry each overtime hourly rate out to 3 decimal places and then round off to 2 decimal places. All employees' wages are subject to the OASDI tax of 6.2% and the HI tax of 1.45%. The supplemental HI rate of 0.9% is not applicable. PR.04.31AT completes the payroll register through Gross Pay. PR.04.32AT completes this problem to arrive at Net Pay PAYROLL REGISTER FOR WEEK ENDING March 1 TIME RECORD REGULAR EARNINGS EMPLOYEE'S NO. MARITAL STATUS NO. W/H ALLOW. CLAIMED MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY NO. HOURS (REGULAR) RATE PER HOUR AMOUNT
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
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