chap2_ho1_payroll_solution

chap2_ho1_payroll_solution - $317.04 $2,666.82 Assumptions...

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Transylvania College Radiology Department Payroll Name Hourly Wage Regular Hours Gross Pay Withholding Tax Soc Sec Tax Net Pay Dwyer $8.00 40 8 $416.00 116.48 31.82 267.7 Smith $7.20 40 8 $374.40 104.83 28.64 240.93 Brown $8.00 40 10 $440.00 123.2 33.66 283.14 Look $9.00 35 0 $315.00 88.2 24.1 202.7 Thomas $9.20 40 0 $368.00 103.04 28.15 236.81 Gonzolaz $10.00 40 4 $460.00 128.8 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 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
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Unformatted text preview: $317.04 $2,666.82 Assumptions Summary Overtime rate 1.5 Average Gross Pay $345.35 Withholding tax 0.2800 Highest Gross Pay $728.00 Social Security/Mediare tax 0.0765 Lowest Gross Pay $72.00 Prepared by: Arthur L. Stone 8/10/2010 Notes: 1. Withholding tax is calculated on the taxable pay 2. Social Security tax is calculated on the employee's gross pay Hours 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 08/10/2010 for the course MGMT 400 taught by Professor Frankenstein during the Spring '10 term at DeVry Chicago O'Hare.

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