Question
Compute payroll K. Mello Company has three employeesa consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Line
Compute payroll K. Mello Company has three employeesa consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Line Item Description Consultant Computer Programmer Administrator Regular earnings rate $6,000 per week $55 per hour $70 per hour Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourly rate Federal income tax withheld $1,380 $452 $642 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 46 hours and the administrator worked 50 hours. Assume that the social security tax rate was 6.0%, and the Medicare tax rate was 1.5%.
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