4 calculate the employees gross pay using the payroll

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Unformatted text preview: QuickBooks PROBLEM GUIDE Step–by–Step Instructions: Problem 12–5 1. Restore the Problem 12-5.QBB file. 2. Enter John Gilmartin’s regular and overtime pay rates using the Employee List option in the Employees menu. 3. Calculate the employee’s gross pay using the Pay Employees option in the Employees menu. 4. Print an Employee Earnings Summary report using the Employees & Payroll option in the Reports menu. 5. Proof your work. 6. Complete the Analyze activity. 7. Back up your work. 330 Manual Glencoe Peachtree Peachtree Complete QuickBooks Spreadsheet OR OR OR Accounting Accounting Software Templates Working Papers Templates Problem 12–5 Calculating Gross Pay Wilderness Rentals pays employees either an hourly wage or a salary plus commission based on rental revenue. Hourly wage employees can earn overtime. The overtime rate is 1½ times the regular hourly rate of pay for hours worked over 40 in a week. Instructions For each of the following employees, determine the total gross pay for the pay period. John Gilmartin • Earns an hourly wage of $6.80. • Worked 43 hours this week. Arlene Stone • Receives a salary of $250 per week plus a 3% commission on rental revenue. • Had rental revenue of $760 this week. Tom Driscoll • Earns an hourly wage of $7.35. • Worked 39 hours this week. Ann Ryan • Receives a salary of $185 per week plus 3% commission. • Had rental revenue of $1,235 this week. Analyze Identify the employee who had the lowest gross pay for the week. Problem 12–6 Preparing a Payroll Register Hot Suds Car Wash has four employees. They are paid on a weekly basis with overtime paid for all hours worked over 40 in a week. The overtime rate is 1½ times the regular rate of pay. The payroll information follows. Employee Employee Number Rate per Hour Marital Status Allowances Union Member James Dumser Gail Job James Liptak Bruce Stern 108 112 102 109 $6.40 $7.22 $6.70 $7.80 Single Married Married Single 0 1 2 1 No Yes Yes Yes During the week ending October 9, Dumser worked 39 hours, Job worked...
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