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Calculate Payroll

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

 

Consultant

Computer programmer

Administrator

Regular earning rate

2610 per week

$30 per hour

$44 per hour

Overtime earning rate

NA

1.5 time hourly rate

2 times hourly rate

Number of withholding allowances

3

2

1

For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $340.44 to 28% of the difference between the employee's amount subject to withholding and $1,687.00. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.

Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.

 

Consultant

Computer programmer

Administrator

Gross pay

$

$

$

Net pay

$

$

$

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91641196
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