Question
The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $35,300. The state withholding rate is 4.95 percent October 31 October
The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $35,300. The state withholding rate is 4.95 percent
October 31
October 31 is the end of the final pay period for the month. Employee pay will be disbursed on November 4, 2019. Compute the employee pay below. Update the Employees' Earnings Records for the period's pay and update the YTD amount. Any hours exceeding 96 during this pay period are considered overtime for nonexempt employees. Remember that the employees are paid semi-monthly.
Compute the gross earnings for regular and overtime pay for each employee for the October 31 pay period. Remember that while an hourly rate is shown for all employees, the regular pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.)
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