Question
Please answer within the hour Compute payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is
Please answer within the hour
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:
Line Item Description | Consultant | Computer Programmer | Administrator |
---|---|---|---|
Regular earnings rate | $2,710 per week | $30 per hour | $42 per hour |
Overtime earnings rate | Not applicable | 2 times hourly rate | 1.5 times hourly rate |
Federal income tax withheld | $925 | $245 | $505 |
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 52 hours and the administrator worked 65 hours. Assume that the social security tax rate was 6.0%, 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. When required round intermediate calculations and final answers to two decimal places.
Line Item Description | Consultant | Computer Programmer | Administrator |
---|---|---|---|
Gross pay | |||
Net pay |
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