Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. timmah works has 4 employees in its packaging depa

Timmah works has 4 employees in its packaging department. All work is done on a...

80.2K

Verified Solution

Question

Accounting

Timmah works has 4 employees in its packaging department. All work is done on a job order basis. During the first week of May 2021, each employee worked a full 40-hour week with the following outputs: Employee guaranteed hourly min. rate (Ghs) unit packaged Richmond Mensah 2,700 1,290 Akua Bubune 3,415 1,630 Nyamekye Joan 2,800 1,000 Paa kwesi 3,150 1,704 Additional information; (a) Wages are paid on a piecework basis at ghs85 per package but completely subject the guaranteed hourly minimum rate.(highest of the two) (b) Employees contribute 5% SSF and 71/2 % to welfare fund. ( c) Income tax is 10% flat rate. Required; Prepare the payroll for the period.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Water Works, Inc. has a current ratio of 1.33, current liabilities of $540,000, and inventory of...

Finance
Q

How do you estimate the uncertainty?

Physics
Q

Mr Ahuja have always been interested in whether or not where a student sits is related...

Basic Math
Q

Use the following information for the Quick Studies below Algo The following information applies to...

Basic Math
Q

The temperature on Monday is -24C. The temperature on Tuesday is -21C.Circle the inequality that...

Basic Math
Q

The scale on a set of architectural drawings for a house is 1 3/4 inches...

Basic Math
Q

A supermarket finds that the number of boxes of a new cereal sold increases each...

Basic Math
Q

Here is a sample data set n 48 that is nearly normal 55 56 4...

Statistics
Q

The set of natural numbers between Choose the correct answer below O A 19 151...

Algebra
Q

8. Martinez, Inc., has a total debt ratio of...

Accounting
Q

Current Attempt in Progress Wilson Corp. enters into a contract with a customer to...

Accounting
Q

In cost Accounting if Budgeted cost is less than Actual cost what it called over...

Accounting