chap2_ho1_payroll_solution

chap2_ho1_payroll_solution - John Pry Notes: 1. Withholding...

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Transylvania College Radiology Department Payroll Name Net Pay Dwyer 8 40 8 416 116.48 31.82 267.7 Smith 7.2 40 8 374.4 104.83 28.64 240.93 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 Social Security/Mediare tax 0.08 Lowest Gross Pay Prepared by:
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Unformatted text preview: John Pry 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 Gross Pay Withholding Tax Soc Sec Tax 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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This note was uploaded on 04/28/2010 for the course IS 6 taught by Professor 6 during the Spring '10 term at Alfred State College.

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