Question
NEED ANSWER ASAP PLEASE! Compute payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available
Compute 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
$2,310 per week
$28 per hour
$40 per hour
Overtime earnings rate
Not applicable
2 times hourly rate 1.5 times hourly rate
Federal income tax withheld
$920
$239
$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 54 hours and the administrator worked 63 hours. Assume that the social security tax rate was 6.0%, and the Medicare tax rate was 1.5%.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the
questions below.
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