Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Financial accounting. Question 1?} The Brown Roof Company has three employees: an hourly employee: a salaried employee, and an employee who works for a at

Financial accounting.

image text in transcribed
Question 1?} The Brown Roof Company has three employees: an hourly employee: a salaried employee, and an employee who works for a at fee plus commissions. Payroll information for the most recent week is as follows: Juan is paid $14 per hour with time and onehalf for all hours over 4!] per week Juan worked 49 hours this week Maria is paid a salary of $900 per week plus a bonus whenever sales exceed $l, for any given week. Sales this week were $l,9. The bonus is 5% of sales in excess of 3100:000. Li is paid a at $1M] per week plus a 143% commission on all her sales. Li's sales for this week amount to $6,300- Employee income taxes equal 15% of gross earnings. CPP and Employment Insurance deductions equal 4.95% and 1.33% of gross earnings respectively. Juan has Sl perweek withheld for a charity organization. All employees pay $23 per week for union dues. a) Compute the gross pay for each employee. h) Determine the total not pay for each employee. Employee Gross Income CPP Union Charity Net Pay Earnin ; Tax Dues

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

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

Managerial Accounting

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

4th edition

1259964957, 1260413985, 1260565440, 978-1260413984

More Books

Students also viewed these Accounting questions

Question

Why do proprietary- type funds use full accrual accounting?

Answered: 1 week ago

Question

Always show respect for the other person or persons.

Answered: 1 week ago