Solution-Question - calculate payroll

Question - calculate payroll

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Question - Calculate Payroll

An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 55 hours during the week, and that the gross pay prior to the current week totaled $58,000. Assume further that the social security tax rate was 6.0% (on earnings up to $100,000), the Medicare tax rate was 1.5%, and federal income tax to be withheld was $575.

Reference no: EM131814351

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Question - calculate payroll

Reference no: EM131814351

Reference no: EM131814351

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