AC110 Payroll Accounting Assignment

Assignment Help Accounting Basics
Reference no: EM132507544 , Length: word count:150

AC110 Payroll Accounting - Guam Community College

Question 1. Carson Beck works at the local Worst Buy Shop. As a full-time student at the local university, he is being paid an hourly rate of $4.20. One week, Beck worked 37 hours.
Beck 's earnings for the week are:

Is the hourly rate in violation of FLSA? Explain:

If the hourly rate is in violation of the FLSA, what rate should be paid?

Minimum Wage:
Pay:

Question 2 Compute the Gross earnings for each employee:

Question 3 Compute the gross earnings for employees for pay week ending July 7th for a standard 40-hour workweek.
Overtime is paid at time and one half.
Compute regular earnings, overtime rate, overtime earnings, and total gross earnings:

Question 4 Connie Duffy started working for Dexter Company on Thursday of this week. She worked 9 hours on Thursday and
8 hours on Friday. Her annual salary is $80,000, and she is an exempt white-collar emplyee. Determine her gross pay for her first partial week of work.

Question 5 John Porter is an hourly employee of the Motter Company in New York City. This week Porter had to travel to the company's regional office in Albany. He left Sunday at noon and arrived in Albany at 3:00 PM. During the week, he worked his normal 40 hours in the Albany Office (Monday through Friday from 9:00 AM to 5:00 PM). In addition, he attended the company's 4-hour work training session on Wednesday evening. Porter's hourly rate of papy is $14.80 per hour.

Question 6 Joseph Cavato is paid $12.96 per hour. During the past week he worked 46 hours, and he is a covered employee who must be paid for overtime. Calculate his gross pay using the overtime premium approach.

Question 7 Calculate:

Regular Earnings:
OT Earnings @ time and 1/2
OT Earnings @ 2 times

Question 8 Cal DiMangino earns $2,875 each month and works a 40-hour workweek.

Calculate:

Annual Earnings:

Weekly Earnings

Hourly Rate

Overtime Rate

Question 9 Sheila Williams, a medical secretary, earns $2,575 monthly for a 35-hour workweek. Overtime is paid at time and a half after 40 hours in a workweek. During one semimonthly pay period, Williams worked 10 hours of overtime, but only 2 hours of this overtime were beyond 40 hours in any one workweek.

Calculate:

Yearly Earnings:

Weekly Earnings:

Hourly Rate:

OT Rate:

Regular Semi-montly Earnings:

Question 10. During the first week in November, Erin Mills worked 45 1/2 hours and produced 1,275 units under a piece-rate system. The regular piece rate is .45 cents per unit. Mills is paid overtime according to the FLSA ruling for overtime work under a piece-rate system.

Compute:

Piecework earnings
Regular hourly rate
OT hourly rate
Overtime Earnings
Total Earnings

Attachment:- individual assignment template.rar

Reference no: EM132507544

Questions Cloud

What is the expected stock price that prevails : What is the expected stock price that prevails after the rights offering? What is the value of a right?
Imply about the financial health of the company : A startup offers high liquidation preference to a VC. What does that imply about the financial health of the company?
Write a brief analysis of the mosaic tile floor : Locate an image of a Roman mosaic tile floor. Write a brief analysis of the mosaic tile floor using our formal design language (elements and principles).
Design and develop a small console application : Design and develop a small console application in any Object-Oriented Programming Language. Completion of this assignment requires an understanding
AC110 Payroll Accounting Assignment : AC110 Payroll Accounting Assignment Help and Solution - Guam Community College - Homework Help - Compute the Gross earnings for each employee
Define benefits of high-quality programs for young children : High-quality preschool education produces substantial long-term educational, social, and economic benefits (Barnett, 2004). However, children can only benefit.
Perspective with regard to benefits of universal standards : As you have been learning, the field of early childhood is one of great breadth. Understanding the field requires knowledge of the rich and complex variety.
How would you explain the necessity of reading assessment : How would you explain the necessity of reading assessment to a new teacher that doesn't understand the importance of reading assessment?
Define the concept of organisational culture : Define the concept of organisational culture and Discuss the contributors to organisational culture - Discuss the link between the organisation's culture

Reviews

len2507544

5/6/2020 1:25:46 AM

Save the weekly assignment file as an Excel file (.xls file extension) to your hard drive and complete all work in one file. Once you open the template file, please be sure to navigate through all the tabs as each tab represents an exercise. Once you fill out all the tabs, please save in ONE file and submit assignment file through this link by end of week two

Write a Review

Accounting Basics Questions & Answers

  Compute the company depreciation expense

On January 1, 20X5, management shortened the remaining service life of the machine to 15 months. Compute the company's depreciation expense for 20X5

  Possible solution to the perceived problem

Discuss the validity of this criticism and suggest a possible solution to the perceived problem.

  What accounts are debited and credited to record a partners

The articles of partnership provide for a salary allowance of $6,000 per month to partner C. If C withdrew only $4,000 per month, would this affect the division of the partnership net income?

  Discuss the straight-line method of depreciation

DataStore purchased a new truck for $30,000 and will use the straight-line method of depreciation over 6 years with no salvage value

  Aasb 16 leases and its impact on the financial position

Recommendations or actions that can be taken by the company to prepare for the application of the new standard. This should be presented in the form of a conclusion.

  Partnership and legal responsibility

Sarah - cash of $2,000, accounts receivable with a FMV and tax basis of $1,000, and equipment with a FMV of $40,000 and adjusted basis of $3,500. Sarah also contributed a $23,000 note payable, and the partnership assumed legally responsibility for..

  The long-term liability for deferred income taxes arises

the long-term liability for deferred income taxes arises because some book income will never be subject to income tax.

  Discuss how companies are required to assign each category

Discuss how companies are required to assign each category of securities into its current and noncurrent portions.

  Estimate the proportion of adult residents

A political scientist wants to estimate the proportion of adult residents of a state who favor a unicameral legislature. What could be sampled? Also, discuss the relative merits of personal interviews, telephone interviews, and mailed questionnair..

  Create an analogy or metaphor

Determine which step in estimating a cost function using quality analysis is the most likely to present the greatest challenge and how you would address that challenge.

  The order affect the bottom line of the company

How would accepting the order affect the bottom line of the company?

  Compute the total factor productivity measures for year

Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhead)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd