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For hourly employees, overtime is paid for hours worked in excess of 40 hours per week Calculate Payroll K. Mello Company has three employees-a consultant,
For hourly employees, overtime is paid for hours worked in excess of 40 hours per week
Calculate 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 Overtime earnings rate Federal income tax withheld Consulta nt $2,610 per week Not applicable $930 Computer Programmer $30 per hour 2 times hourly rate $256 Admi nistrator $44 per hour 1.5 times hourly rate $510 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 SS hours and the administrator worked S3 hours. Assume further that the social security tax rate was 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. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places. Consu Itant Gross pay Net pay Computer Programmer Administrator
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