chap2_ho2_payroll_solution

chap2_ho2_payroll_solution - Overtime rate 1.5 Average...

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Transylvania College Radiology Department Payroll Name Net Pay Dwyer $8.00 40 8 $416.00 $116.48 $31.82 $267.70 Smith $7.20 40 8 $374.40 $104.83 $28.64 $240.93 Brown $8.00 40 10 $440.00 $123.20 $33.66 $283.14 Look $9.00 35 0 $315.00 $88.20 $24.10 $202.70 Thomas $9.20 40 0 $368.00 $103.04 $28.15 $236.81 Gonzolaz $10.00 40 4 $460.00 $128.80 $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 Willson $10.00 40 5 $475.00 $133.00 $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 $4,144.25 $1,160.39 $317.04 $2,666.82 Assumptions Summary
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Unformatted text preview: Overtime rate 1.5 Average Gross Pay $345.35 Withholding tax 28.00% Highest Gross Pay $728.00 Social Security/Mediare tax 7.65% Lowest Gross Pay $72.00 Prepared by: John Pry 5/10/2010 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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