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Compute Payroll Floatin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is ava Consultant Computer Programmer Administrator
Compute Payroll Floatin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is ava Consultant Computer Programmer Administrator Regular earnings rate $2,610 per week $28 per hour $42 per hour Overtime earnings rate* Not applicable 1.5 times hourly rate 2 times hourly rate Number of withholding allowances 3 2 1 *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 50 hours and the administrator worked 50 hours. The federal income tax withheld between the employee's amount subject to withholding and $1,692.00. Assume further that the social security tax rate was 6.0%, the Medicaret 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 Consultant Computer Programmer Administrator Gross pay 2,610 $ 1,960 $ 2,400 X Net pay 1,888.23 x $ 1,449.38 X $ 1,713.58 X
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