please fill in the blanks Show Me How Print Item Calculete Payre K. Melio Compan
ID: 2597217 • Letter: P
Question
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Show Me How Print Item Calculete Payre K. Melio Company has three employees-a consultant, a computer programmer, and an admini for each employee istrator. The folowing payroll information is available Consultant Administrator Regular earnings rate $3,210 per week Not applicable $920 $36 per hour 2 times hourly rate $247 $48 par hour 1.5 times hourly rate $505 Overtime earnings rate Federal income tax withheled For hourly employess, overtime is paid for hours worked in excess of 40 hours per weak. For the current pay period, the computer programmer worked 51 hours and the administrator worked 64 hours. Assume further that the social seeunty 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 narmal working hours in a weak are 40 hours. If required, round your answers to two decimal places Consultant Computer Programmer Administrator Gross pay Net pay 8 213/2017Explanation / Answer
Normal working hours = 40 hrs per week
hours worked by computer programmer = 51 hours
hours wiorked by Administrator = 64 hrs
Gross pay for consultant = $3210
Gross pay for Computer programer = 40*$36 + (51-40)*2*$36 ( gross pay includes over time wages also)
= $1440 + $792
=$2232
Gross pay for Administrator = 40hrs * $48/hr + (64-40)*1.5times*$48
= $1920 +$1728
=$3648
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Consultant Programmer Administrator Gross Pay (A) 3210 2232 3648 Less: Social security tax @ 6%(B) 192.6 133.92 218.88 Medicare tax @ 1.5%( C) 48.15 33.48 54.72 Federal taxes (D) 920 247 505 Total taxes with held E = (B+C+D) 1160.75 414.4 778.6 Net pay (F = A-E) 2049.25 1817.6 2869.4Related Questions
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