How to calculate gross pay and net pay for employees.

Q: Briefly explain the difference between an employee and an employer.

A: In commerce and entrepreneurship, the terms employee and employer are often used. Both terms are…

Q: Wage Calculation Data

A: Total Wages paid from October to December is 1956. with Average rate per hour is 12

Q: Why are the different organizations method to use Salary Surveys? Also elaborate employees financial…

A: The use of a high-quality, independent salary survey is a key component in your compensation…

Q: where the line is drawn between direct and indirect labor, is direct labor at an employee level or a…

A: Direct Labour is labour or workers that are directly engaged in production of goods. Indirect labour…

Q: What tasks does a payroll clerk perform upon receipt of hours-worked data from the production…

A: Payroll Clerk: Payroll clerk is a person who calculates the payroll of employees by using personnel…

Q: Which of the following statements related to job cost sheets is TRUE?

A: Job cost sheet:- Job cost sheet is the sheet that is prepared by manufacturing industry companies.…

Q: The ________ is the hourly price charged to clients for professional labor. salary rate billing rate…

A: Professional labour is that labour which provides professional services to another person for a…

Q: hich among the following is an example of qualitative data? a. Opinion poll b. Payroll data c.…

A: Qualitative data means the data which shows the character or feature of the data but does not show…

Q: How can I get the total direct labor hours and costs for a business?

A: This question explains about the total direct labor hours and costs for a business.

Q: Specific employee earnings, withholdings, and pay detail to include hours worked, gross pay, net…

A: The employees are paid by the employer for the work done by him. Each payment made are recorded by…

Q: list down the various levels, methods and approach of earning management

A: Answer: Earning management is the accounting term that is used to present different financial…

Q: What is the importance of the job ticket? Illustrate, through a program flowchart, the flow of job…

A: Importance of job ticket : Job ticket is an important element in job costing. Job ticket is a ticket…

Q: gross pay.

A: Overtimes wages are paid to workers as an incentive . Overtime wages are paid based on a…

Q: Define gross pay.

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: What is the primary objective of any base wage and salary system?

A: A basic salary, also known as a base salary, is the amount of money that a salaried employee…

Q: 1. Which of the following is not a component of factory overhead? a. Payroll taxes share of the…

A: * As per bartleby guidelines, in case of different question answer first only   Factory overhead are…

Q: Accrued wage for second worker

A: The total accrued wage is calculated by adding the normal wage amount and the overtime wage amount.…

Q: What is job lot?

A: Job:   A job is a task or work assigned to the employee for which he is paid. Job is considered as…

Q: Why are the different organizations method to use Salary Surveys? Also elaborate employees financial…

A: Many companies analyse the financial information which may affect the company’s cost structure.…

Q: What is the difference between pay grade and pay range?

A: Pay grade refers to an approach that helps categorize different types of jobs into various groups…

Q: What are the payroll system's general tasks?

A: Payroll is the amount paid by business to the employees in the form of compensation for the given…

Q: Give the journal entry for direct and indirect labor costs incurred. Explain how this transaction…

A:

Q: What functional responsibilities are associated with the payroll cycle?

A: Payroll Cycle: The payroll cycle is commenced with the hiring and dismissal of an employee along…

Q: Name the units of service on which cost-based payers may pay providers

A: Payers- is a company that  pays for or reimburses for medical services availed. For example, the…

Q: What is the difference between a job and career

A: Job is a short time task that is done to earns money by the individual. They are done with the…

Q: Among time basis and piece rate basis of wages payment which one will be beneficial for a less…

A: Time basis and piece rate basis are two methods of wage payment. Under time basis, workers are paid…

Q: When and how to calculate the predetermined overhead rate?

A: The manufacturing overhead are applied to production on the basis of estimated activity rates.

Q: . Given the information, determine the annual cost of hiring the outside accountant.

A: Outsourcing cost is the costs which have to be paid person or the employee to which the said work…

Q: Give the journal entry for the completion of a job. How is the accounting equation affected?

A: The completion of a job includes the conversion of work-in process inventory into the finished…

Q: What is the main relationship between motivation and the job satisfaction?

A: It is important for an organisation that the employees are satisfied with the job they are…

Q: 2.Which inputs in a material Employee Benefits estimate is most likely the responsibility of the…

A: Audit refers to the checking as well as inspection of the original books of accounts or financial…

Q: Which employee earned the highest gross pay? A. Mabini O B. Cruz C. Santos

A: The question is related Gross pay paid on hourly basis. The details are given.

Q: explain why labor laws are important to both the employee and the employer?

A: Labor Laws: These are those laws which govern the relationship between employees, employer and trade…

Q: Overtime salary and Nightshift allowance are examples of _______. A. Direct Labour cost B. General…

A: Overtime salary and night shift allowance is paid to employees for working beyond prescribed working…

Q: Write down pay objective of two companies?

A: Wage and pay administration's major goal is to create and maintain an equal wage and compensation…

Q: The __________ is used to determine a sole proprietor’s or company’s worth by listing all the assets…

A: A balance sheet is a financial statement that shows the assets, liabilities, and shareholder equity…

Q: Salaries and commissions of company salesperson * Product Cost Period Cost

A: Introduction: Product cost: Cost which is directly related to manufacturing of a product called as…

Q: . How do the relationships between the balance sheet,  income statement, job cost ledger, and…

A: A balance sheet is a financial statement which shows a company's assets, liabilities, and…

Q: what is the interpretation of full-time equivalents (FTEs) when calculating number of total…

A: FTE is a measurement unit which is used to compare different workloads of employees i.e Part time…

Q: How do accounting books handle over and under absorption of overheads?

A: Under absorption takes place when the amount is absorbed lower than the actual whereas,…

Q: The method that is used to calculate employees pay according to different levels of sales is

A: Variable commission scale pay is used for determining employees' pay according to the different…

Q: The labor received the income from daily basis its Select one: a. Rent b. Wages c. Non-Wages d.…

A: Wages means the payment made to temporary worker who are generally working in factory.

Q: How much is the net operating income contributed to the company by Department A and B?

A: Net Operating Income is calculated as revenue minus operating expenses.

Q: How do the product costs move through the various accounts and affect the balance sheet and income…

A: Every transaction that takes place in a firm is reflected in various accounts and eventually gets…