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Zolnick Enterprises has two hourly employees, Kelly and Jon. Both employees earn overtime at the rate of 1.3 times the hourly rate for hours worked
Zolnick Enterprises has two hourly employees, Kelly and Jon. Both employees earn overtime at the rate of 1.3 times the hourly rate for hours worked in excess of 42 per week. Assume the Social Security tax rate is 6 percent on the first $110,000 of wages and the Medicare tax rate is 1.5 percent on all earnings. Federal income tax withheld for Kelly and Jon was $265 and $228 respectively. The following information is for the first week in January 2016: Wage Rate per Hour Employee Hours worked 54 $20 Jon $25 Kelly 49 Required: a. Calculate the gross pay for each employee for the week. (Round the intermediate calculations and your final answers to 2 decimal places.) Gross Pay Kelly O
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