Calculate Payroll Breakin Away Company has three employees—a consultant, a computer programmer, and an administrator. The following...

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Accounting

Calculate Payroll
Breakin Away Company has three employees—a consultant, acomputer programmer, and an administrator. The following payrollinformation 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 hoursworked in excess of 40 hours per week.
For the current pay period, the computer programmer worked 50hours and the administrator worked 48 hours. The federal income taxwithheld for all three employees, who are single, can be determinedfrom the wage bracket withholding table in Exhibit 2. Assumefurther that the social security tax rate was 6.0%, the Medicaretax rate was 1.5%, and one withholding allowance is $75.
Determine the gross pay and the net pay for each of the threeemployees for the current pay period. If required, round youranswers to two decimal places.
Consultant Computer Programmer Administrator
Gross pay $4,000 $3,300 $2,800
Net pay $fill in the blank 4 $fill in the blank 5 $fill in the blank 6

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The gross pay for each of the three employees for the current pay period as follows Consultant computer programmer administratir Regular earning rate 4000 per week 60 per hour 50 per hour Overtime earning rate NA 90 Per hour6015 100 per hour502 Number See Answer

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Calculate PayrollBreakin Away Company has three employees—a consultant, acomputer programmer, and an administrator. The following payrollinformation is available for each employee:ConsultantComputer ProgrammerAdministratorRegular earnings rate$4,000 per week$60 per hour$50 per hourOvertime earnings rate*Not applicable1.5 times hourly rate2 times hourly rateNumber of withholding allowances212*For hourly employees, overtime is paid for hoursworked in excess of 40 hours per week.For the current pay period, the computer programmer worked 50hours and the administrator worked 48 hours. The federal income taxwithheld for all three employees, who are single, can be determinedfrom the wage bracket withholding table in Exhibit 2. Assumefurther that the social security tax rate was 6.0%, the Medicaretax rate was 1.5%, and one withholding allowance is $75.Determine the gross pay and the net pay for each of the threeemployees for the current pay period. If required, round youranswers to two decimal places.ConsultantComputer ProgrammerAdministratorGross pay$4,000$3,300$2,800Net pay$fill in the blank 4$fill in the blank 5$fill in the blank 6

	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 hoursworked in excess of 40 hours per week.