Cengage x \\J, exhibit 2)pg (765x285) X/w CengageNowalOnl x c The Payroll Regist

Question

Cengage x J, exhibit 2)pg (765x285) X/w CengageNowalOnl x c The Payroll RegisterOf agenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker r-assignments& takeAssignmentSessionlocatore assignment, tak -false and Problems eBook Show Me How Calculator Print item HEETA Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee Consultant Computer Programmer 530 per hour 1.5 times hourly rate Administrator Regular earnings rate Overtime earnings rate Number of withholding allowances 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 employees, who are single, can be determined by adding S35590 to 28% of the difference between the employees amount subject to im oi ng and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and ones1thholding allowance is $3,110 per week $42 per hour 2 times hourly rate Not applicable KSHEETAL ia Determine the aross pay and the net pay for each of the three empicvees for the current pay perion, Assume the normal working hours in a week are 40 hours If required, round your answers to two decimal places Computer Programmer Administrator Gross pay Net pay

Explanation / Answer

Consultant Computer Programmer Administrator Rate per hour 77.75 30 42 weekly pay 3110 1200 1680 Overtime earning rate 0 45 84 overtime hours 0 20 10 Total overtime earnings 0 900 840 Gross Pay 3110 2100 2520 Withholding Tax 210 140 70 Social Secuity Tax - 6% 186.6 126 151.2 Medicare Tax - 1.5% 46.65 31.5 37.8 Net Pay 2666.75 1802.5 2261

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