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EX 11-8 calculation of the total payment to an employee EX 11-9 calculation and risk of gross payment and net payment EX 11-13 Register of
EX 11-8 calculation of the total payment to an employee EX 11-9 calculation and risk of gross payment and net payment
EX 11-13 Register of the payroll in the newspaper
EX 11-11 Calculating expenditure on an employer's payroll
EX 11-8 Cakulate payroll An employee earns 32 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 55 hours during the week. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 15%, and federal in- come tax to be withheld was $398 a. Determine the gross pay for the week b. Determine the net pay for the week. OBJ.2 EX 11-9 Cakulate payroll Diego Company has three employees-a consultant, a computer programmer, and an ad- ministrator. The following payroll information is available for each employec: OBJ.2 Consultant 53,800 per week Not applicable Regular earnings rate Overtime earnings rate Number of withholding allowances For hourly employees overtime is paid for hours worked in excess of 40 hours per week $38 per hour 2 times hourly rate 15 times hourly rate $42 per hour For the current pay period, the computer programmer worked 55 hours and the ad- ministrator worked 52 hours, e federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit in the chapter. Assume further that the social security tax rate was 6.0%, the Medicare x rate was 1.5%, and one withholding allowance is $75. Determine the gross pay and the net pay for each of the three employees for the current pay period
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