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please help wirh what i didnt get... really struggling here Continuing Payroll Problem, 2A: Chapter 2 Kipley Company is a small manufacturing firm located in
please help wirh what i didnt get... really struggling here
Continuing Payroll Problem, 2A: Chapter 2 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 quarterhour 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 week's pay being held back by the company. Assume that the first payday for Kipley Company is January 14 for the workweek ending January 8 (Saturday). You are being asked to complete Kipley's payroll Register for the pay period ending January 8,20, Ms. Glenda B, Robey prepares the Time Clerk's Report for each pay period. This along with the Hourly Wage/Salary Report is provided. Requirement: Wages are paid every Friday, with one week's pay being held back by the company. Assume that the first payday for Kipley Company is January 14 for the workweek ending January 8 (Saturday). You are being asked to complete Kipley's Pavroll Register for the pay period ending January 8,20, Ms. Glenda B, Robey prepares the Time Clerk's Report for each pay period. This along with the Hourly Wage/Salary Report is provided. Requirement: 1. Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference. 2. Complete the Regular Eamings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount). For salaried workers, complete the Reoular Earninos column and show the hourly overtime rate and eamings only if overtime was worked. 3. Record the Total Earnings for each emplovee by adding the Regular Earnings and the Overtime Earnings. Glenda B. Robey prepares the time derk's report for each pay period. The report for the first week of operations is given below. "Note: All employees, except for Carson Kipley, are paid for hours worked beyond 40 at one and one-half times their regular houly rate of pay. Hourly Wage/Salary Report kf Time Clerk's Report Kipley's Hourly Wage/Salary Report is provided below, listing each employee's assigned time card number as well as their individuat hourly rate or salary. Payroll Register This is the first task to completing Kipley Company's payroll register. Complete the steps outlined below: 1. Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference. 2. Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that warked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount). For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and eamings only if overtime was worked. 3. Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings. If an amount box does not require an entry, leave it blank or enter " 0 ". If required, round your intermediate calculations to the nearest cent and use the rounded amounts in subsequent computations. Round fraction values to the nearest two decimal places, e.g. 11/2 to 1.50 . Feectousk Step by Step Solution
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