Compute Payroll Floatin Away Company has three employees- consultant, a computer programmer, and an administrator. The following payroll information is available for each employee Consultant Computer Programmer Administrator Regular earnings rate $5,000 per week 380 per hour $50 per hour Overtime earnings rate" Not applicable 1.5 times hourly rate 2 times hourly we Number of withholding allowances 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 45 hours and the administrator worked 50 hours. The federal income tax withheld for the employee who are sung 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 15 and one witholding allowance is Determine the gross pay and the net pay for each of the three employees for the current pay period. It required, round your answers to two decimal places Consultant Computer Programmer Administrator 5,000 3,920 Gross pay 3.000 Net pay