Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 9-9A Calculating payroll LO 9.5 Zolnick Enterprises has two hourly employees: Kelly and Jon. Both employees earn overtime at the rate of 15 times

image text in transcribed
Exercise 9-9A Calculating payroll LO 9.5 Zolnick Enterprises has two hourly employees: Kelly and Jon. Both employees earn overtime at the rate of 15 times the hourly rate for Medicare tax rate is 15 percent on all earnings. Federal income tax withheld for Kelly and Jon was $255 and 5223, respectively. The following information is for the first week in January Year 1 Hours worked Employee Kelly Jon Wage Rate per Hour $18 523 Required 6. & b. Calculate the gross pay and the net pay for each employee for the week. (Round the intermediate calculations and your final answers to 2 decimal places.) - Kolly Jon a. Gross pay bNet pay

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

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

17th Edition

0077304454, 978-0077304454

More Books

Students also viewed these Accounting questions

Question

Answered: 1 week ago

Answered: 1 week ago

Question

1. If your script has a villain, are his motivations clear?

Answered: 1 week ago