chap2_ho2_payroll_solutions

chap2_ho2_payroll_solutions - Overtime rate 1.5 Average...

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Transylvania College Radiology Department Payroll Name Gross Pay 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: Stephanie Stoetzel 10/20/2010 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 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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