eBook Show Me How Print Item Question Content Area Compute payroll K. Mello Company has...
70.2K
Verified Solution
Link Copied!
Question
Accounting
eBook
Show Me How
Print Item
Question Content Area
Compute payroll
K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
Line Item Description
Consultant
Computer Programmer
Administrator
Regular earnings rate
$2,810 per week
$32 per hour
$48 per hour
Overtime earnings rate
Not applicable
2 times hourly rate
1.5 times hourly rate
Federal income tax withheld
$925
$240
$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 54 hours and the administrator worked 65 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.
Line Item Description
Consultant
Computer Programmer
Administrator
Gross pay
$fill in the blank 1
$fill in the blank 2
$fill in the blank 3
Net pay
$fill in the blank 4
$fill in the blank 5
$fill in the blank 6
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: Flex AI - Your personal assistant for all your inquiries!
