Compute payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant $2,610 per week Not applicable $910 Regular earnings rate Overtime earnings rate Federal income tax withheld Computer Programmer $36 per hour 2 times hourly rate $243 For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. Administrator $48 per hour 1.5 times hourly rate $505 For the current pay period, the computer programmer worked 53 hours and the administrator worked 61 hours. Assume that the social security tax rate was 6.0%, and the Medicare tax rate was 1.5%.

Compute payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant $2,610 per week Not applicable $910 Regular earnings rate Overtime earnings rate Federal income tax withheld Computer Programmer $36 per hour 2 times hourly rate $243 For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. Administrator $48 per hour 1.5 times hourly rate $505 For the current pay period, the computer programmer worked 53 hours and the administrator worked 61 hours. Assume that the social security tax rate was 6.0%, and the Medicare tax rate was 1.5%.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 3PA

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