Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate payroll k. mello company has three emplo

Calculate Payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator....

70.2K

Verified Solution

Question

Accounting

Calculate Payroll

K. 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
Regular earnings rate $3,110 per week $32 per hour $46 per hour
Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourly rate
Federal income tax withheld $915 $246 $505

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 55 hours and the administrator worked 65 hours. Assume further that the social security tax rate was 6%, 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. If required, round your answers to two decimal places.

Consultant Computer Programmer Administrator
Gross pay $ $ $
Net pay $ $ $

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

35 Four lowest energy levels of H atom are shown in the figure The number...

Physics
Q

Which tab do you choose to custom margins O Insert

Biology
Q

1. Brownley Company has two service departments and twooperating (production) departments. The Payroll Department...

Accounting
Q

Part 3: Having a balanced and healthy lifestyle is an essential part of every person’s life....

General Management
Q

Why did Clinton disagree with the Republican budgets during his first administration O They did...

Biology
Q

Find the partial sum without using a graphing utility 100 50 En En n 51...

Calculus
Q

Superior Micro Products uses the weighted-average method in its process costing system....

Accounting
Q

QUESTION 2 Oppocot Bhd is a business that manufactures mobile phone located in...

Accounting
Q

Hugh Curtin borrowed $39,500 on July 1, 2017. This amount plus accrued interest at 7%...

Accounting
Q

Exercise 21-15 Your answer is partially correct. Try again. Veronica Mars, a recent graduate of...

Accounting
Q

[The following information applies to the questions displayed below] The following information is avallable to...

Accounting
Q

The records of Hoffman Company reflected the following balances in the stockholders' equity accounts at...

Accounting