Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help Show Me How hlculate Payroll Mello Company has three employees a consultant, a computer programmer, and an administrator. The following payroll information is

please help
image text in transcribed
Show Me How hlculate Payroll 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 egular camningsrate $3,010 per week $30 per hour $46 per hour Dvertime earnings rate Not applicable 2 times hourly rate 1.5 times hourly rate ederal income tax withheld $930 $238 $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 S4 hours and the administrator worked 62 hours. Assume further that the social security tax rate was 6%, and the Medicare tax rate was 15% 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 ore 40 hours. If required, round your answers to two decimal places Consultant Computer Programmer Administrator Gross Day 3,010 3,400 x Net Day Peach Gross pay represents the total canings of an employee for a specific pay period, prior to taxes and deduction. Net pay is also known as take home pay Learning Objective 2

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

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

15th edition

978-0133125634, 9780133423815, 133125637, 133423816, 978-0133125689

More Books

Students also viewed these Accounting questions