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Regular earnings rate Overtime earnings rate Federal income tax withheld Consultant Computer Programmer Administrator $2,110 per week $32 per hour $40 per hour Not
Regular earnings rate Overtime earnings rate Federal income tax withheld Consultant Computer Programmer Administrator $2,110 per week $32 per hour $40 per hour Not applicable 2 times hourly rate 1.5 times hourly rate $920 $243 $500 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 64 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.
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To calculate the gross pay and net pay for each of the three employees well follow these steps 1 Calculate the gross pay for each employee For the Con...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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