Name: Amber Smith CAUTION: See "round" rules in Excel Instructions before calculating OT for slaried employees. Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. For a breakdown of the solution by chapter, see the worksheet tabs labeled CPP 2 through 6 representing the solutions for chapters 2-6. Continuing Payroll Problem-B
OLNE
PAY
FOR PERIOD ENDING
January 8, 20 - NO. OF W/H ALLOW. HOURS WORKE D
REGULAR EARNINGS RATE PER HOUR
OVERTIME EARNINGS
HOURS WORKE D
MARITAL STATUS
EMPLOYEE
AMOUNT
RATE PER HOUR
TOTAL AMOUNT EARNINGS OASDI
FICA HI
11 Mangino, R. 12 Flores, I. 13 Palmetto, C. 21 Waters, R. 22 Kroll, C. 31 Ruppert,
…show more content…
TAXABLE E
23.00 54.00 11.00 44.00 46.00 29.00 88.00 86.00 96.17 477.17
10.44 15.62 9.22 16.59 16.95 25.71 23.95 24.80 37.86 46.05 227.17
0.27 0.41 0.24 0.43 0.44 0.67 0.62 0.65 0.99 1.20 5.92
4.59 6.87 4.05 7.29 7.45 11.31 10.53 10.90 16.65 20.25 99.90
20.00 50.00 40.00 60.00 20.00 40.00 50.00 50.00 30.00 80.00 440.00
0.85 0.85 0.85 0.85 0.85 0.85 0.85 0.85 6.80
1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 16.50
313 314 315 316 317 318 319 320 321 322
259.99 350.66 228.17 412.00 429.47 663.99 619.33 586.06 989.49 1,169.08 5,708.25
340.00 508.80 300.30 540.35 552.00 837.50 780.00 807.69 1,233.16 1,500.00 7,399.80
Taxable Earnings 7,399.80 7,399.80
Rate 0.60% 3.70%
Net FUTA Tax 44.40 SUTA Tax 274.01
TAXABLE EARNINGS
HI
FUTA
SUTA
340.00 508.80 300.30 540.35 552.00 837.50 780.00 807.69 1,233.16 1,500.00 7,399.80
340.00 508.80 300.30 540.35 552.00 837.50 780.00 807.69 1,233.16 1,500.00 7,399.80
340.00 508.80 300.30 540.35 552.00 837.50 780.00 807.69 1,233.16 1,500.00
If you want to export goods to a particular country, make sure they have a need for your particular services or product. Most international businesses find multiple countries or locations that have a need for these items in order to ensure a steady and profitable revenue stream.
Telephone – A telephone maintains a few different features rather than just receiving and making calls. At work the phones that we use are often different to
Petrona Campbell, Eliz Centeno Ortiz, Kenny Marshall, Perry Ishmael Peralta, Syed Saqib, & Shirrell Smith
CHAPTER 7 Transaction No. 11 |FEDERAL DEPOSIT INFORMATION WORKSHEET | | | | |Employer | | |Identification Number 31-0450660 |Name Glo-Brite Paint Company | |Month Tax Year Ends 12 |Amount of Deposit 6443.08 | |Type of Tax (Form) 941
Please note that this Assessment document has 8 pages and is made up of 7 Sections.
| if maritalStatus = ‘M’ taxRate = MARRIED_RATEif maritalStatus = ‘S’ taxRate = SINGLE_RATEif maritalStatus = ‘D’ taxRate = DIVORCED_RATEif maritalStatus = ‘W’ taxRate = WIDOWED_RATEIf hoursWorked <= 40 grossPay = hoursWorked * hourlyRateElse regularPay = (40 * hourlyRate) overtimePay = ((hoursWorked-40) * (hourlyRate * 1.5)) grossPay = regularPay + overtimePaytaxAmount = grossPay * taxRatenetPay = grossPay - taxAmount
It’s important to record all sources I use, as I often need to refer back to previously used documents, or find other information from a particular source. All records are kept organised and secure in our lockable store room.
To determine the cost of labor to re-work under filled cases, I divided the hourly rate of the employee ($8.50/hr)
#1 - X Corporation Gross Profits 20,000 Dividends 5,000 LTCG 2,500 Gross Income 27,500 Salaries Paid 10,250 DRD – 70% 3,500 (70%*5,000) Depreciation Exp. 2,800 LTCL 2,500 (Ltd. to LTCG) Deductions 19,500 Gross Income 27,500 Deductions (19,500) Taxable Income 8,450
Companies are devising means of outsourcing payment set ups because of their employees. The Payroll companies are skilled in this perspective, having the capacity for processing payrolls better. Furthermore, using the services of the right payroll company can go quite a distance in saving the business a large amount of money in the proper execution of selecting the services of in-house staff to undertake the task. Things to consider whenever choosing a payroll provider include:
Small business owners are often a gullible target of increased tax compliance and according to the IRS, entrepreneurs are the largest source of uncollected taxes. This makes it even more essential to register for payroll and pay the taxes on time. Small and new business owners need to keep themselves informed about the tax audit triggers and understand how to avoid high tax debt and criminal investigation. Moreover, no entrepreneur wants to see their legacy devastated due to IRS penalties –awareness and registering on time is the key to moving in the right direction.
1. A brief history of the two organisations, and their objectives, in as far as they
This paper will outline an employee compensation and benefits package for a new hire for a secretary for the department. First, it will describe the organization I chose for designating a compensation package. Next, this paper will develop an employee compensation and benefits package for this new position. This paper will outline an employee compensation and benefits package for a new hire for a secretary for the department. First, it will describe the organization I chose for designating a compensation package. Next, this paper will develop an employee compensation and benefits package for this new position. Attached to this paper is a Powerpoint presentation that will detail this employee compensation and benefits package, as well as an the eligibility of exempt or non-exempt status, other benefits that might be considered, government regulations that influence the compensation, two other organizations with similar compensation, and how this package aligns with the HRM strategy.
Before reaching to such extend, as soon as Palmer figured the problems he should have addressed to top authority regarding the issue he is facing and should have raised voice regarding his concerns.