payron K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available each employee: Computer Programmer Consultant $2,510 per week $30 per hour $48 per hour Not applicable 2 times hourly rate 1.5 times hourly rate $915 $239 $505 For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. Regular earnings rate Overtime earnings rate Federal income tax withheld Administrator For the current pay period, the computer programmer worked 52 hours and the administrator worked 63 hours. Assume that the social security ta 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 40 hours. When required round intermediate calculations and final answers to two decimal places. Consultant Computer Programmer Administrator 2,510 Gross pay Net pay

payron K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available each employee: Computer Programmer Consultant $2,510 per week $30 per hour $48 per hour Not applicable 2 times hourly rate 1.5 times hourly rate $915 $239 $505 For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. Regular earnings rate Overtime earnings rate Federal income tax withheld Administrator For the current pay period, the computer programmer worked 52 hours and the administrator worked 63 hours. Assume that the social security ta 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 40 hours. When required round intermediate calculations and final answers to two decimal places. Consultant Computer Programmer Administrator 2,510 Gross pay Net pay

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 3E

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