chap2_pe4_exppayroll

chap2_pe4_exppayroll - Highest Gross Pay 728 Lowest Gross...

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Smithtown Hospital Radiology Department Payroll Name Gross Pay FICA Net Pay Dwyer $8.00 40 8 $416.00 Smith $7.20 40 8 $374.40 Brown $8.00 40 10 $440.00 Look $9.00 35 0 $315.00 Thomas $9.20 40 0 $368.00 Gonzalez $10.00 40 4 $460.00 Synder $14.00 40 8 $728.00 Franklin $6.35 20 0 $127.00 Kennedy $7.20 38 0 $273.60 Willson $10.00 40 5 $475.00 Johnson $6.35 15 0 $95.25 Schmitz $7.20 10 0 $72.00 Totals $4,144.25 $0.00 $0.00 $0.00 Assumptions Summary Overtime rate 1.50 Average Gross Pay 345.35 FICA rate 7.65%
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Unformatted text preview: Highest Gross Pay 728 Lowest Gross Pay 72 Prepared by: Your Name Today's Date Notes: 1. Withholding tax is calculated on the taxable pay 2. Social Security tax is calculated on the employee's gross pay Hourly Wage Regular Hours Overtime Hours Federal Withholding Tax Taxable Pay Tax Rate $0 15% $250 22% $300 25% $450 28% $525 31%...
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This note was uploaded on 02/20/2010 for the course AS 123f taught by Professor Jims during the Spring '10 term at The University of Oklahoma.

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chap2_pe4_exppayroll - Highest Gross Pay 728 Lowest Gross...

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