Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

helppppp Calculate Payroll K. Mello Company has three employees a consultant, a computer programmer, and an administrator. The following payroll information is available for each

helppppp
image text in transcribed
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: Consultant Computer Programmer Administrator Regular earnings rate $2,610 per week $34 per hour $42 per hour Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourly rate Federal income tax withheld 5920 $240 $515 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 51 hours and the administrator worked 65 hours, Astume further that the social security tax rate was 6%, and the Medicare tax rate was 1.5% Determine the cross pay and the net pay for each of the three employees for the current pay penod. Assume the normal worlong hours in a week are 40 hours. If required, round your answers to two decimal places Consultant Computer Programmer Administrator 2,610 932,28 X 1,504,25 x 1,921 X Group Net 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

Federal Tax Accounting 2022

Authors: Frank L. Brunetti

1st Edition

080805631X, 9780808056317

More Books

Students also viewed these Accounting questions

Question

Under what conditions are two qualitative variables independent?

Answered: 1 week ago

Question

4.6 Summarize job design concepts.

Answered: 1 week ago

Question

4.5 Explain what competencies and competency modeling are.

Answered: 1 week ago