Question
The payroll records of Grove Machining Co. show the following information for the week ended April 17:. EMPLOYEE - CLASSIFICATION - HRS WORKED - PRODUCTION
The payroll records of Grove Machining Co. show the following information for the week ended April 17:.
EMPLOYEE - CLASSIFICATION - HRS WORKED - PRODUCTION (UNITS) -----RATE --INCOME TAX W/HELD
MC----------------DIRECT-------------42------------------------0---------------------$18/HR--------------$80
DM----------------DIRECT-------------48------------------------0---------------------$17.60/HR----------$84
GD----------------DIRECT-------------39--------------------2,000-------------------$.44/PIECE--------$110
ND-----------------DIRECT------------40----------------------1800------------------$.44/PIECE---------$100
RK-----------------INDIRECT---------40------------------------0---------------------$800/WK---------$100
GB-----------------INDIRECT---------50------------------------0----------------------$1600/WK------$240
HR-----------------INDIRECT---------40------------------------0----------------------$1400/WK-----$120
A. DETERMINE THE NET EARNINGS OF EACH EMPLOYEE . FICA 8%, INCOME TAX W/HELD, NET EARNINGS)
Hourly workers are paid time-and-a-half for overtime.
- Determine the net earnings of each employee.
- Prepare the journal entries for the following:
- Recording the payroll.
- Paying the payroll.
- Distributing the payroll. (Assume that the overtime premium will be distributed to all jobs worked on during the period.)
- Recording the employer's payroll taxes. (Assume that none of the employees has achieved the maximum wage bases for FICA and unemployment taxes.)
I am having trouble getting a few of these correct. Mostly distributing the payroll part and recording the taxes
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