Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i need help solving this problem please chapt

i need help solving this problem please Chapter 11 Homework...

90.2K

Verified Solution

Question

Accounting

i need help solving this problem please
image
Chapter 11 Homework Assignment 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 $2,210 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 For the current pay period, the computer programmer worked 60 hours and the administrator worked so 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. Consultant Computer Programmer Administrator 2,210 2,240 2,640 1 Gross pay Net pay

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Solve an equilibrium problem (using an ICE table) to calculate the pH of each solution: Part A)...

Biology
1.2K views

Please answer these questions in as long of detail as possible. Question 1 a) Write the expression used...

Economics
1.2K views

.Find some recent projections for the future path of the U.S. government debt as a percentage...

Accounting
1.2K views

Gary James works for Hills & beans, a professional services firm. James was a onetime business...

Biology
1.2K views

Which of the followingsentences punctuates the appositive or appositive phrasecorrectly?A. I called my brotherDrew over...

Statistics
1.2K views

In its January 25 2012 issue the Journal of the American Medical Association JAMA reported...

Accounting
1.2K views

2003 2003 500 BALANCE SHEET Cash (2%) Receivables (17%)...

Accounting
1.2K views

which of the following may be reported on a decedent's final form 1040 if a...

Accounting
1.2K views

How to develop a mock cost of goods manufactured (COGM) statement, and for each line...

Accounting
1.2K views

Accounting Creations was authorized to issue 3,000,000 shares of $1 par Common Stock but has...

Finance
1.2K views

Answer the following questions based on the accompanying diagram: Price (\$) Instructions: All dollar responses...

Finance
1.2K views

A firm's bonds have a maturity of 10 years with a $1,000 face value, have...