C. If PepsiCo did not issue additional long-term debt next year, what would be the total long-term debt on December 31 of the upcoming year? EX 10-8 Calculate payroll Obj. 2 An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 51 hours during the week, determine the employee's (A) g pay and (B) net pay for the week. Assume that the social security tax rate is 6.0%, the Medicare tax rte is 1.5%, and the employee's federal income tax withheld is $403. EX 10-9 Calculate payroll Obj. 2 K. Mello Company has three employees-a consultant, a computer programmer, and an admin istrator. The following payroll information is available for each employee Consultant $4,000 per week Not applicable $925.00 Computer Programmer Administrator Regular earnings rate Overtime earnings rate Federal income tax withheld For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. $30 per hour 2 times hourly rate $248.00 $40 per hour 1.5 times hourly rate $505.00 Continued