Question: K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: For hourly employees,
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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 44 hours and the administrator worked 48 hours. Assume that the social security tax rate was 6.0%, 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.
Consultant $4,000 per week Not appcable $925.00 Computer Programmer Administrator Regular earnings rate Overtime earnings rate Federal income tax withheld $30 per hour 2 times hourly rate $248.00 $40 per hour 1.5 times hourly rate 505.00
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Consultant Computer Programmer Administrator Regular earnings 400000 120000 160000 Overtime ... View full answer
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