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Show Me How Calculator Print Item eBook Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll
Show Me How Calculator Print Item eBook Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Administrator Consultant Computer Programmer Regular earnings rate $2,010 per week $28 per hour $44 per hour Overtime earnings rate Not applicable 1.5 times hourly rate 2 times hourly rate Number of with holding allowances 2 1 For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax with held for all three employees, who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to with holding and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withholding allowance is $70. 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. If required, round your answers to two decimal places. Consultant Computer Programmer Administrator 2,010 3,600 Gross pay 6,120 $ $ Net pay
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