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Calculate payrollK. Mello Company has three employees—a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:   Consultant ComputerProgrammer Administrator Regular earnings rate $5,000 perweek $50 per hour $60 per hour Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourlyrate Federal income taxwithheld $1,150 $428 $572 For the current pay period, the computer programmer worked 48 hours and the administrator worked 51 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.

Calculate payrollK. Mello Company has three employees—a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:   Consultant ComputerProgrammer Administrator Regular earnings rate $5,000 perweek $50 per hour $60 per hour Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourlyrate Federal income taxwithheld $1,150 $428 $572 For the current pay period, the computer programmer worked 48 hours and the administrator worked 51 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.

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter11: Current Liabilities And Payroll
Section: Chapter Questions
Problem 4PB
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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 $5,000 per
week		 $50 per hour $60 per hour
Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourly
rate
Federal income tax
withheld		 $1,150 $428 $572

For the current pay period, the computer programmer worked 48 hours and the administrator worked 51 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.

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