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Compute payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
Compute payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Regular earnings rate Consultant $6,000 per week Computer Programmer Administrator $55 per hour $70 per hour Overtime earnings rate Federal income tax withheld Not applicable $1,380 2 times hourly rate 1.5 times hourly rate $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%. Determine the gross pay and the net pay for each of the three employees for the current pay period. When required round intermediate calculations and final answers to two decimal places. Gross pay Net pay Consultant Computer Programmer Administrator
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