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Payroll Accounting Class (2301-900) Cengage - eBook Bieg/Toland's Payroll Accounting (2021, 31th Edition) Chapter 2 - Continuing Problem 2A (Kipley Company, Excel) I need help

Payroll Accounting Class (2301-900)

Cengage - eBook Bieg/Toland's Payroll Accounting (2021, 31th Edition)

Chapter 2 - Continuing Problem 2A (Kipley Company, Excel)

I need help with the Net Pay and Taxable Earnings section

but I have to have the formulas ---> (example: =40*19.5)

In the Continuing Payroll Problem A, presented at the end of succeeding chapters, you will gain experience in computing wages and salaries and preparing a payroll register for Kipley Company, Inc., a newly formed corporation. At the end of subsequent chapters, information will be presented so that the payroll register can be completed step by step as you proceed through the discussion material relating to that particular section of the payroll register.

Kipley Company is a small manufacturing firm located in Pittsburgh, Pennsylvania. The company has a workforce of both hourly and salaried employees. Each employee is paid for hours actually worked during each week, with the time worked being recorded in quarter-hour increments. The standard workweek consists of 40 hours, with all employees being paid time and one-half for any hours worked beyond the 40 regular hours.

Wages are paid every Friday, with one weeks pay being held back by the company. Thus, the first payday for Kipley Company is January 14 for the workweek ending January 8 (Saturday).

The information below will be used in preparing the payroll for the pay period ending January 8, 20--.

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 clerks report for each pay period. Her report for the first week of operations is given.

Using the payroll register for Kipley Company, which is reproduced on a fold-out at the back of the book (PR-1), proceed as follows:

  1. Enter each employees time card number and name in the appropriate columns.

  2. Record the regular hours and the overtime hours worked for each employee, using the time clerks report as your reference.

  3. Complete the Regular Earnings columns (Rate per Hour and Amount) and the Overtime Earnings columns (Rate per Hour and Amount) for each hourly employee. For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked.

  4. Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings.

below I have attached the homework assignment and the information given

image text in transcribed

Nam Calon Seeron rules instruction beforeig Or for employees The theorieborn is the sided or Arts) other of an ower Continuing Payroll Problem. A KIPUFY COMPANY, INC. PAYROLL REGISTER January 20 CLINEET RAT PER AM FCA TOTAL HAN EMPLOYEE 11 Carson, 12 W Wam A 13 MATYT 21te Law 22. Lucy 31 Free 22 by Blonde 3 Thomas 51 Handy are 90 Ruby 2 1 0 2 4 2 LARLAHAN DATE PER HO ANDERT 40 70000 AD 51725 690.00 250 40 $17.99 718 00 49 71000 40 $16.00 M N S 6 M S 40 40 773.00 67923 1 000 00 706514 M 7 Continuing Problem A FH Type here to search O o Nam Calon Seeron rules instruction beforeig Or for employees The theorieborn is the sided or Arts) other of an ower Continuing Payroll Problem. A KIPUFY COMPANY, INC. PAYROLL REGISTER January 20 CLINEET RAT PER AM FCA TOTAL HAN EMPLOYEE 11 Carson, 12 W Wam A 13 MATYT 21te Law 22. Lucy 31 Free 22 by Blonde 3 Thomas 51 Handy are 90 Ruby 2 1 0 2 4 2 LARLAHAN DATE PER HO ANDERT 40 70000 AD 51725 690.00 250 40 $17.99 718 00 49 71000 40 $16.00 M N S 6 M S 40 40 773.00 67923 1 000 00 706514 M 7 Continuing Problem A FH Type here to search O o

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