chap2_ho_payroll_solution

chap2_ho_payroll_solution - Withholding tax 0.28 Highest...

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Smithtown Hospital Radiology Department Payroll Name Hourly Wage Regular Hourvertime Hou Gross Pay ithholding Ta Soc Sec Tax Net Pay Dwyer 8 40 8 416 116.48 31.82 267.7 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
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Unformatted text preview: Withholding tax 0.28 Highest Gross Pay Social Security/Mediare tax 0.08 Lowest Gross Pay Prepared by: Kenneth O'Malley Notes: 1. Withholding tax is calculated on the taxable pay 2. Social Security tax is calculated on the employee's gross pay...
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