Question
Please: -Identify and calculate different payroll elements - Calculate payroll, taxes and deductions Lily receives an annual salary of $89,760.00 based on a 36-hour workweek
Please:
-Identify and calculate different payroll elements
- Calculate payroll, taxes and deductions
Lily receives an annual salary of $89,760.00 based on a 36-hour workweek comprised of four, nine-hour days. She has two hours of overtime at time-and-a-half and did not work the mandatory holiday. Adam is paid $35.50 per hour based on eight-hour days and a 40-hour workweek. All premium wages are paid at regulatory minimums. From Sunday to Saturday, he worked 8, 0, 8, 8, 8, 3, and 8 hours, respectively. He will not receive another day off in lieu for the mandatory holiday. Richard receives a graduated commission of 2.25% on his first $100,000 in sales and 4.15% on anything higher. His sales during one week were $123,000. Ignore his holiday or mandatory earnings in your calculations. Jack is paid a straight piecework wage of $2.24 per unit produced. He worked a total of 30 hours during the week, producing one unit every five minutes. Ignore his holiday or mandatory earnings in your calculations
For all employees combined, determine the: 1. Total regular earnings 2. Overtime earnings 3. Holiday earnings, 4. Holiday worked earnings that Fort Kent Industries must report on its weekly company payroll report.
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