Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate Payroll K. Mello Company has three employees a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
Calculate Payroll K. Mello Company has three employees a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Administrator $48 per hour Consultant Computer Programmer Regular earnings rate $3,210 per week $32 per hour Overtime earnings rate Not applicable 2 times hourly rate Federal income tax withheld $910 $257 For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. 1.5 times hourly rate $495 For the current pay period, the computer programmer worked 52 hours and the administrator worked 64 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. Note: If required, round your answers to two decimal places. Consultant Administrator Computer Programmer 2,240 X Gross pay 3,210 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