Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Continuing Payroll Project: Prevosti Farms and Sugarhouse The first day of work for Prevosti Farms and Sugarhouse for all employees is February 4, 2019. February

image text in transcribed
image text in transcribed
Continuing Payroll Project: Prevosti Farms and Sugarhouse The first day of work for Prevosti Farms and Sugarhouse for all employees is February 4, 2019. February 8 is the end of the first pay period and includes work completed during the week of February 4-8. Compute the employee gross pay using 35 hours as the stan- dard workweek for all employees except Mary Shangraw, who works 20 hours per week and receives overtime for any time worked past that point. The other hourly employees receive overtime pay when they work more than 35 hours in one week. Joel Schwartz has made $5,000 in case sales at a 3 percent commission rate during this pay period. Remember that the employees are paid biweekly. Note that the first pay period comprises only one week of work, but the pay frequency for federal income tax purposes is biweekly Exempt employee pay information is as follows: Name Notes Millen Lewis Schwartz Prevosti Annual Salary $35,000 $32,000 $24,000 $45,000 plus 3% commission on sales The hours for the nonexempt employees are as follows: Name Towle Regular Time Pay Overtime Commission Pay P ay Gross Pay Long Hourly Rate $12.00 $12.50 $10.50 $16.68 Hours Worked 2/4-2/8 35 hours 40 hours 21 hours 35 hours Shangraw Success (You) Complete the payroll register for the period's gross pay. Pay will be disbursed on February 13, 2019, starting with check number 6628. February 22, 2019, is the end of the final pay period for the month. Schwartz has sold $7,500 of product during this pay period at a 3 percent commission. Complete the payroll register for the period's gross pay. Pay will be disbursed on February 27, 2019, and check numbers will continue from prior payroll. The hours for the nonexempt employees are as follows: Regular Time Pay Overtime Pay Commission Pay Gross Pay Name Towle Long Shangraw Success (You) Hourly Rate $12.00 $12.50 $11.00 $16.68 Hours Worked 2/11-2/22 80 hours 70 hours 42 hours 71 hours

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions