Diego Company has three employees - a consultant, a computer programmer, and an administrator. The following payroll

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Diego Company has three employees - a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
Diego Company has three employees - a consultant, a computer

* 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 55 hours and the administrator worked 52 hours. The federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit 3 in the chapter. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $75.
Determine the gross pay and the net pay for each of the three employees for the current pay period?

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Related Book For  answer-question

Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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