Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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,

image text in transcribed

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions