K. Mello Company has three employeesa consultant, a computer programmer, and an administrator. The following payroll information

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K. Mello Company has three employees€”a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:

Consultant $5,000 per week Not applicable Computer Programmer $50 per hour 2 times hourly rate $428 Administrator $60 pe


For hourly employees, overtime is paid for hours worked in excess of 40 hours per week.

For the current pay period, the computer programmer worked 48 hours and the administrator worked 51 hours. Assume that the social security tax rate was 6.0%, and the Medicare tax rate was 1.5%. Determine the gross pay and the net pay for each of the three employees for the current pay period.

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Related Book For  book-img-for-question

Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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