Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate Payroll computer programmer, and an administrator. The following payroll information is available for each K. Mello Company has three employees-a consultant, employee Administrator Consultant
Calculate Payroll computer programmer, and an administrator. The following payroll information is available for each K. Mello Company has three employees-a consultant, employee Administrator Consultant Computer Programmer $3,110 per week Regular earnings rate $36 per hour $44 per hour Overtime earnings rate 1.5 times hourly rate Not applicable 2 times hourly rate Federal income tax withheld $930 $244 $510 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 51 hours and the administrator worked 65 hours. Assume further that the social security tax rate was 6%, 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. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places Computer Programmer Consultant Administrator Gross pay $ $ Net pay
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started