Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consultant Regular earnings rate $6,000 per week Overtime Nit applicable Fedral Imcome tax withheld $1380 Computer Programmer $55 per hour 2x hourly rate Federal Tax

Consultant
Regular earnings rate
$6,000 per week
Overtime Nit applicable
Fedral Imcome tax withheld $1380
Computer Programmer
$55 per hour
2x hourly rate
Federal Tax withheld $452
Administrator
$70 per hour
1.5 hourly rate
Federal tax withheld $642
For hourly employees, overtime is paid for hours worked more than 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.
i need net pay for sll three and adminustrator Gross

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Theory And Practice

Authors: C. William Thomas, Bart Ward, Emerson Henke

3rd Edition

0534920748, 978-0534920746

More Books

Students also viewed these Accounting questions

Question

List the six factors affecting stock option prices.

Answered: 1 week ago

Question

Write a Python program to check an input number is prime or not.

Answered: 1 week ago