An employee earns $25 per hour and 2 times that rate for all hours in...
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An employee earns $25 per hour and 2 times that rate for all hours in excess of n per week. Assume that the employee worked 48 hours during the week. Assum that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, EX 11-9 Calculate payroll and federal income tax to be withheld was $239.15. a. Determine the gross pay for the week. b. Determine the net pay for the week. 0BJ.2 EX 11-10 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 $4,000 per week$60 per hour Not applicable Computer Programmer Administrator Regular earnings rate Overtime earnings rate* Number of withholding allowances For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. $50 per hour 2 times hourly rate 1.5 times hourly rate For the current pay period, the computer programmer worked 50 hours and the ad ministrator worked 48 hours. The federal income tax withheld for all three employ who are single, can be determined from the wage bracket withholding table in in the chapter. Assume further that the social security tax rate was 6.0%, the tax rate was 1.5%, and one withholding allowance is $75. Exhibit 2 Medicare Determine the gross pay and the net pay for each of the three employees current pay period. for the
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