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Nikolay [14]
2 years ago
6

Vince Lupino works for Best Supplies Company, which pays its employees time and a half for all hours worked in excess of 40 hour

s per week. Lupino's rate of pay is $12.00 per hour paid weekly. Federal income tax withheld was $54.00. His wages are subject to Social Security tax withheld at the rate of 6.2% and Medicare tax at the rate of 1.45%. He worked 8 hours of overtime last week (week ended July 16).
Required:

1.Compute the following:

a.Regular pay for the week

b.Overtime pay for the week

c.Total gross wages

d.Social Security withheld

e.Medicare tax withheld

f.Total withholding

g.Net pay

2.Journalize the payroll entry.
Business
1 answer:
ZanzabumX [31]2 years ago
4 0

Answer and Explanation:

As per the given question the solution of given points is given here:-

a. Regular pay for the week = Rate of pay × Hours per week

= $12 × 40 hours

= $480.00

b. Overtime pay for the week = Rate of pay × 8 hours × 1.5 times

= $12 × 8 hours × 1.5 times

= $144.00

c. Total gross wages = (Social security withheld + Medicare tax withheld + Federal income tax withheld + Net pay)

= $38.69 + $9.05 + $54 + $522.6

= $624.00

d. Social security withheld = Total gross wages × Social security tax

= $624 × 6.2%

= $38.69

e. Medicare tax withheld = Total gross wage × Medicare tax rate

= $624 × 1.45%

= $9.05

f. Total withholding = Social security withheld + Medicare tax withheld + Federal income tax withheld

= $38.69 + $9.05 + $54

= $101.74

g. Net pay = Total gross wages - Total withholding

= $624.00 - $101.74

= $522.26

2. The Journal entry is here below:-

Wage Expense Dr, 624  

      To Social security taxes payable $38.69

      To Medicare Tax Payable $9.05

      To Federal Income Tax Payable $54

      To Wages Payable $522.26

(Being the payroll is recorded)

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Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $50,000,00
marishachu [46]

Answer:

Mointaintop should charge 84.18 dollars per round of golf to achieve his desired return.

Explanation:

return:

50,000,000 x 12% = 6,000,000

fixed cost: 24,000,000

Variable cost: 16 per golfer

golfers expected 440,000

It should price to pay up the variable cost, fixed cost and achieve the 12% return:

(S_{units}-V_{units})Q -Fixed = Return

(S-16)440,000 -24,000,000 = 6,000,000

440,000S -7,040,000 = 6,000,000 + 24,000,000

440,000S = 37,040,000

S = 37,040,000 \div 440,000

S = 84,18181818181818

It should charge per round 84.18 dollars

4 0
2 years ago
You are a newly hired operations manager for Hospital XYZ. You are required to:
Sergeu [11.5K]

Answer:

Follows are the solution to this question:

Explanation:

follows are the tasks, which is not in the priority order and at hand at Hospital XYZ:

HR domain: share the latest recruitment procedures throughout the emergency department of public health.

Operations: nurse staffing methods for function or treatment.

Funding: Review financial requests for both the purchase of new protections on wax surfaces by protection from the environment.

IT: IT reviews complaints regarding a possible breach of information.

IT: Study application in the physician's office for the implementation of new technology.

If valuing such activities, it should remember, that this patient (client) becomes impacted mainly. The clinicians or staff involved in Tasks 1 & 2, because Task 2, the very first priority must be considered, and also some standards must be developed, by each nurse, with remote care issues.

Information from its daily client is provided to control the staff, and a specific training program is intended for both the newly employed and negative feedback staff.

Respondents-Patients, Professions

Task 1, which directly affects the daily quality of service in a hospital, should be the secondary priority, with such a smaller shortage of hospitals due to customer dissatisfaction.

Members – Patients, medical personnel, permanent employees, doctors.

Task 4 When information violation is alleged, the third priority should to the loss of important patient data to certain other entities that may use for financial gains.

Participants – IT department, patients.

Task 3 will help its hospital cleaner if funds are required to purchase new buffers. Especially in comparison with all the above 3 tasks, it was taken as the fourth priority.

It was important, and that does not affect mostly the client nor would it impact the level of service as large as the three tasks above.

Advisor position-representatives of finance, environment protection, clean folk (sweepers). advisor position

Task 5 Its latest radiology software review application is now to be approved as the last. It indicates why old software is already in place since it is a new program. Consequently, nothing's ever going to stoop or the task in other projects is no slowdowns. It can be achieved as the last goal.

Investors involved-officials of the IT agency, diagnostic agents.

The process improvement throughout the solution of the problems in the hospitals by providing them the necessary importance to identify the priorities of different tasks.

6 0
2 years ago
Discuss this statement in relation to George and Lennie: "They render us vulnerable, and in doing so they add dimensions of sign
Dima020 [189]

Answer:

The powerful novel which explores themes of friendship, power, dreams, and the responsibility we have to look out for one another in a sometimes unkind world.

The characters at the heart of the story, George and Lennie, work against all odds to earn enough money to build their dream (to own a place of their own, with alfalfa and rabbits.)

According to the book, their friendship sets them apart from the other men in the world and fuels their aspirations.

I hope it helps, kindly give brainliest if it does.

3 0
1 year ago
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As a middle manager, Jobeth selects the goals for her team. The task that Jobeth is demonstrating is called leading.A) True B) F
Georgia [21]

Answer: false

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A basic definition would be that leadership refers to the practice of inspiring a set of individuals to move towards a shared goal. This can involve leading staff and coworkers with a plan in a professional environment to fulfill the requirements  of the business.

Thus, from the above we can conclude that Jobeth was not performing leading.

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Each customer entering a department store will either buy or not buy some merchandise. An experiment consists of following 3 cus
bogdanovich [222]

Answer:

d. 8

Explanation:

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Therefore, The number of sample points in this experiment is 8.

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