Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Computer Programmer Administrator Regular earnings rate $4,000 per week $60 per hour $50 per hour Overtime earnings rate* Not applicable 1.5 times hourly rate 2 times hourly rate Number of withholding allowances 2 1 2 *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 50 hours and the administrator worked 48 hours. The federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit 2. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $75. Determine the gross pay and the net pay for each of the three employees for the current pay period. If required, round your answers to two decimal places. Consultant Computer Programmer Administrator Gross pay $ 4,000 3,300 2,800 Net pay Table for Percentage Method of Withholding WEEKLY Payroll Period EXHIBIT 2 Wage Bracket Withholding Table (a) SINGLE person (including head of household) If the amount of wages (after subtracting withholding allowances) The amount of income tax is: to withhold is: Not over $43.... ..$0 Over - But not over- of excess over- $43 - $222 .. $0.00 plus 10% $43 $222 - $767 $17.90 plus 15% $222 $767 -$1,796 .. $99.65 plus 25% $767 $1,796 -$3,700 .. $356.90 plus 28% $1,796 $3,700 -$7,992 .. $890.02 plus 33% $3,700 $7,992 -$8,025 .. $2,306.38 plus 35% $7,992 $8,025. $2,317.93 plus 39.6% $8,025 McGrath wage bracket