Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate payroll breakin away company has three e

Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmet, and an administrator....

50.1K

Verified Solution

Question

Accounting

image
Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmet, and an administrator. The following payroll information is avallable for each employee: For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three empioye who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to withhoiding and $1,796.00. Assume furthe that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withhoiding 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. It required, round your answers to two decimal places. Feadisas v cleck yy when Gross pay represents the total earnings of an employee for a specific pay period, pror to taxes and deductions. Net pay is aiso known as take-bome pay. Locate the proper withholding wage bracket in the withholding table, Pay attention to the number of exemptions each employee is claiming

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Suppose the 1-year effective annual interest rate is 4.6% and the 2-year effective rate is 3.2%....

Finance
Q

Describe a scenario where a researcher could use a One-Way ANOVA to answer a research question....

Basic Math
Q

enus Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw...

Accounting
Q

Triangles ABC BCD and CDE are shown on the coordinate grid below and all the...

Geometry
Q

Find the area of the region bounded by the graph of f x sin x...

Calculus
Q

For each function in Problems 25 30 find the relative maxima relative minima and horizontal...

Calculus
Q

Evaluate the expression rounding your answer to four significant digits where necessar 17 2 2...

Calculus
Q

4 In 3 4 sentences describe the main similarities and differences between prevalence and incidence...

Calculus
Q

Please analyze and journalize the transactions for 12/2021. Thank you! December 2021 transactions: Date Transaction...

Accounting
Q

ACCOUNTING FOR PARTNERSHIP FORMATION AND OPERATIONS P1 On April 9,2023, Jampong who...

Accounting
Q

Intermediate Accounting I Prepare a multiple step income statement and a comprehensive...

Accounting
Q

An example of an intangible benefit provided by a capital budgeting project is: ...

Accounting