Answered step by step
Verified Expert Solution
Link Copied!

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 Consultant

image text in transcribed
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 Consultant Computer Programmer Administrator Regular earnings rate $2,610 per week $32 per hour $44 per hour Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourly rate Federal income tax withheld $925 5246 $500 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 52 hours and the administrator worked 65 hours. Assume further that the social security tax rate was and the Medicare tax rate was 1.5% Determine the gross pay and the niet pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. It required, round your answers to two decimal places. Consultant Computer Programmer dministrator Gross pay 2,610 1,792 3,410 Net pay 925

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: Guadarshan S. Gill, Cosserat Graham, Leung Philomena, Coram Paul

5th Edition

0471340723, 978-0471340720

More Books

Students also viewed these Accounting questions

Question

7-16 Compare Web 2.0 and Web 3.0.

Answered: 1 week ago