chap2_ho1_payroll_solution_Kmcgoni

chap2_ho1_payroll_solution_Kmcgoni - 317.04 2666.82...

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Smithtown Hospital Radiology Department Payroll Name Gross Pay Net Pay Dwyer $8.00 40 8 $416.00 116.48 31.82 267.7 Smith $7.20 40 8 $374.40 104.83 28.64 240.93 Brown $8.00 40 10 $440.00 123.2 33.66 283.14 Look $9.00 35 0 $315.00 88.2 24.1 202.7 thomas $9.20 40 0 $368.00 103.04 28.15 236.81 Gonzola $10.00 40 4 $460.00 128.8 35.19 296.01 Synder $14.00 40 8 $728.00 203.84 55.69 468.47 Franklin $6.35 20 0 $127.00 35.56 9.72 81.72 Kennedy $7.20 38 0 $273.60 76.61 20.93 176.06 Wilson $10.00 40 5 $475.00 133 36.34 305.66 Johnson $6.35 15 0 $95.25 26.67 7.29 61.29 Schmitz $7.20 10 0 $72.00 20.16 5.51 46.33 Totals 4144.25 1160.39
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Unformatted text preview: 317.04 2666.82 Assumptions Summary Overtime rate 1.5 Average Gross Pay $345.35 Withholding tax 28.00% Highest Gross Pay $728.00 Social Securty/Mediare tax 7.65% Lowest Gross Pay $72.00 Prepared By: Keith McGonigle 5/8/2009 Notes: 1. Withholding tax is calculated on the taxable pay 2. Social Security tax is calculated on the employee's gross pay Hourly Wage Overtime Hours Withholding Tax Soc Sec Tax...
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This note was uploaded on 04/27/2008 for the course CPSC 220 taught by Professor Forget during the Spring '08 term at Clemson.

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