Determine the gross pay and the net pay for each

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Problem - 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

$2,800 per week

$30 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 for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit 3 in the chapter. Assume further that the social security tax rate was 6.0%, 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.

Reference no: EM132682376

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