Question

Calculate Payroll Breakin Away Company 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 earnings rate | $2,710 per week | $28 per hour | $50 per hour | |||

Overtime earnings rate | Not applicable | 1.5 times 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 $356.90 to 28% of the difference between the employee's amount subject to withholding and $1,796.00. Assume further that the social security tax rate was 6%, 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.

a)Consultant

Gross Pay

Net pay

b)Computer Programmer

Gross Pay

Net pay

c) Administrator

Gross pay $

Net pay $

Answer #1

ANSWER:-( I didn't understand the adjustment of Federal income tax. So I answered this question ignoring that adjustment. Thank You)

(1). Consultant :-

Gross pay=$2,710

Deductions:- 1. Social security tax=$163

2. Medicare Tax=$41

3. Withholding allowance=70×3=$210

Net Pay=2,710-163-41-210=$2,296

(2). Computer programmer

Gross pay:-

28×40=$1,120

Overtime=28×1.5×20=$840

Gross pay=1,120+840=$1,960

Deductions:- 1. Social security=$118

2. Medicare=$29

3. Withholding allowance=70×2=$140

Net pay=1,960-118-29-140=$1,673

(3). Administrator

Gross pay:-

50×40=$2,000

Overtime=50×2×10=$1,000

Gross pay=$3,000

Deductions:- 1. Social Security=$180

2. Medicare=45

3. Withholdimg allowance=70×1=70

Net pay=3,000-180-45-70=$2,705

Calculate Payroll
Breakin Away Company 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 earnings rate
$3,210 per week
$34 per hour
$48 per hour
Overtime earnings rate
Not applicable
1.5 times 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...

Calculate Payroll Breakin Away Company 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 earnings rate
$2,810 per week $32 per hour $44 per hour Overtime earnings rate
Not applicable 1.5 times 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...

Breakin Away Company 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 earnings rate
$2,610 per week
$28 per hour
$42 per hour
Overtime earnings rate
Not applicable
1.5 times 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...

Calculate Payroll
Breakin Away Company 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 earnings rate
$4,000 per week
$60 per hour
$50 per hour
Overtime earnings rate*
Not applicable
1.5 times hourly rate
2 times hourly rate
Number of withholding allowances
2
1
2
*For hourly employees, overtime is paid for hours
worked in excess of 40 hours per week.
For the current pay...

Calculate Payroll
Breakin Away Company 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 earnings rate
$4,000 per week
$60 per hour
$50 per hour
Overtime earnings rate*
Not applicable
1.5 times hourly rate
2 times hourly rate
Number of withholding allowances
2
1
2
*For hourly employees, overtime is paid for hours
worked in excess of 40 hours per week.
For the current pay...

Breakin Away Company
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 earnings rate
$4,000 per week
$60 per hour
$50 per hour
Overtime earnings rate*
Not applicable
1.5 times hourly rate
2 times hourly rate
Number of withholding allowances
2
1
2
* For hourly employees, overtime is paid for hours
worked in excess of 40 hours per week.
For the current pay
period,...

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 earnings rate
$3,010 per week
$28 per hour
$42 per hour
Overtime earnings rate
Not applicable
1.5 times 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...

Calculate 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
Computer Programmer
Administrator
Regular earnings rate
$3,010 per week
$30 per hour
$44 per hour
Overtime earnings rate
Not applicable
2 times hourly rate
1.5 times hourly rate
Federal income tax withheld
$910
$241
$495
For hourly employees, overtime is paid for hours worked in
excess of 40 hours per week.
For the current pay...

Calculate 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
Computer Programmer
Administrator
Regular earnings rate
$2,310 per week
$34 per hour
$48 per hour
Overtime earnings rate
Not applicable
2 times hourly rate
1.5 times hourly rate
Federal income tax withheld
$915
$255
$515
For hourly employees, overtime is paid for hours worked in
excess of 40 hours per week.
For the current pay...

Calculate 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
Computer Programmer
Administrator
Regular earnings rate
$3,310 per week
$32 per hour
$44 per hour
Overtime earnings rate
Not applicable
2 times hourly rate
1.5 times hourly rate
Federal income tax withheld
$910
$244
$510
For hourly employees,
overtime is paid for hours worked in excess of 40 hours per
week.
For the current pay...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 2 minutes ago

asked 23 minutes ago

asked 38 minutes ago

asked 44 minutes ago

asked 50 minutes ago

asked 57 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago

asked 2 hours ago