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Compute Payroll Floatin Away Company has three employeesa consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant
Compute Payroll
Floatin Away Company has three employeesa 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 | $80 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. |
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