Answer:
Deductions from employee's earnings are classified as liabilities because the employer has withheld them but does not pay the government until the end of the period or year.
Answer:
In this case, Kennedy and Kennedy, who is a local CPA firm which has reduced holiday bonus from two weeks' salary to 1 week's salary, which firm were paying for last 10 years as a policy.Now, Tonya, who is an old employee thought this unfair as she planned it as a 2 week bonus and she decides to make up this by doing Working overtime which is 150% of straight time. And as per supervisor it was not necessary to do overtime.
Evaluation of case
Firm position
The new management changed bonus from 2 weeks' salary to 1 week's salary in the month of November. Bonus depends on various factors which could be employee performance and company performance, etc. Consecutively management can decide to change bonus depending on these factors even it was paying at a consistent rate from a long time.
Tonya Position
In this case, Tonya thought reducing bonus is not fair and worked on an overtime basis to make up for gone bonus. The rate for overtime is 150% of normal rate; however as per supervisor it was not required.
As per above facts, Tonya was unethical as to make up for gone bonus, she worked overtime, which was 150% and was not required to do on an overtime basis.
Answer:
3A. Employee net pay:
3B. Employee net pay:
There is no answer for this question