Computaiton of Gross Pay and Net Pay for Breakin Away Corporation | |||
Consultant | Computer Prog | Administrar | |
Gross Pay | $3,310.00 | $1,960.00 | $2,760.00 |
(40X28)+(60-40)*(28*1.5) | (40*46)+(50-40)*(46*2) | ||
Less:
Federal Income Tax withheld ( Refer Working Note) |
$780.82 | $402.82 | $626.82 |
Less: Socail Security Tax ( Gross Pay X 6%) | $198.60 | $117.60 | $165.60 |
Less: Medicare Tax (Gross Pay *1.5%) | $49.65 | $29.40 | $41.40 |
Net Pay | $2,280.93 | $1,410.18 | $1,926.18 |
Working Note to calculate Amount Withholding | |||
Particulars | Consultant | Computer Programmer | Administrator |
Gross Weekly Pay (y) | $3,310 | $1,960 | $2,760 |
No. of Withholding Allowances (a) | 3 | 2 | 1 |
Value of one Allowance (b) | $70 | $70 | $70 |
Amount to be Deducted(c=Axb) | $210 | $140 | $70 |
Amount Subject to Withholding (d=y-c) | $3,100 | $1,820 | $2,690 |
Initial Withholding (e ) | $356.90 | $356.90 | $356.90 |
Bracket % over bracket excess (f=d-1796) |
$1,514 | $164 | $964 |
(g= fX28%) | $423.92 | $45.92 | $269.92 |
Amount Withheld (e+g) | $780.82 | $402.82 | $626.82 |
Calculate Payroll Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The...
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
$2,910 per week
$36 per hour
$46 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...
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 Overtime earnings rate $3,110 per week Not applicable $28 per hour 1.5 times hourly rate $48 per hour 2 times hourly rate Number of withholding allowances For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for...
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 $2,410 per week $28 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...
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 $2,310 per week $48 per hour Overtime earnings rate $28 per hour 1.5 times hourly rate Not applicable 2 times hourly rate Number of withholding allowances For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld...
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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 $2,710 per week $36 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...
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 $2,310 per week $34 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 1 For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income...
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 $3,210 per week $32 per hour $46 per hour Overtime earnings rate Not applicable 1.5 times hourly rate 2 times hourly rate Number of withholding allowances For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld...