Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

K.Mello company has three employees. Consultant Gross pay Net Pay Computer Programmer Gross Pay Net Pay Aministator Gross Pay Net Pay The regular rate for

K.Mello company has three employees.
Consultant
Gross pay
Net Pay
Computer Programmer
Gross Pay
Net Pay
Aministator
Gross Pay
Net Pay
The regular rate for the consultant is $6,000 week
no overtime
Federal Income tax withheld is $1380
The regular earning of the computer programer is $55 per hour
plus overtime rate of 2x hourly rate
Federal Income Tax withheld is $452
The regular hourly rate for the administrator is $70
the overtime esrning is 1.5 times the hourly rate
The Federal Tax withheld us $642
For hourly employees overtime is paid fir hours worked in rxcess of 40 hours per week
For the current pay period the computer programmer worked 46 hours and the administratir worked 50 hours. Assume that yhe social security tax rste is $6% and the Meficare tax rate was 1.5%
I need the Gross and Net Pay of all three

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

Students also viewed these Accounting questions