chap2_ho1_payroll

chap2_ho1_payroll - Social Security/Mediare tax 0.08 Lowest...

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Transylvania College Radiology Department Payroll Name Hourly Wageegular Houvertime HouGross Payithholding TaSoc Sec Tax Net Pay Dwyer 8 40 8 Smith 7.2 40 8 Brown 8 40 10 Look 9 35 0 Thomas 9.2 40 0 Gonzolaz 10 40 4 Synder 14 40 8 Franklin 6.35 20 0 Kennedy 7.2 38 0 Willson 10 40 5 Johnson 6.35 15 0 Schmitz 7.2 10 0 Totals Assumptions Summary Overtime rate 1.5 Average Gross Pay Withholding tax 0.28 Highest Gross Pay
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Unformatted text preview: Social Security/Mediare tax 0.08 Lowest Gross Pay Prepared by: Notes: 1. Withholding tax is calculated on the taxable pay 2. Social Security tax is calculated on the employee's gross pay A B C D E F G H I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28...
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