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 Computer Programmer Administrator
Regular earnings rate $2,510 per week $30 per hour $48 per hour
Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourly rate
Federal income tax withheld $915 $239 $505
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 52 hours and the administrator worked 63 hours. Assume that the social security tax rate was 6.0%, and 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. Assume the normal working hours in a week are
40 hours. When required round intermediate calculations and final answers to two decimal places.
Gross pay Consultant Computer Programmer Administrator
Net pay 2,510
