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Mackenzie Price operates Downtown Salon and Spa. I...

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Mackenzie Price operates Downtown Salon and Spa. Information on her three employees for the payroll period (week) ending June 1, 2009, is provided below. Each employee receives one and one-half times the normal hourly pay rate for any hour worked beyond 40 in a week. The FICA Social Security tax rate is 6.2% on the first $106,800 of each employee's gross pay and the FICA Medicare tax rate is 1.45% on all of this week's wages paid to each employee. Federal income tax withholdings are computed from withholding tables and state income tax withholdings are assumed to be 8% of the amount withheld for federal income tax. (Use the withholding tables in Exhibits 9.4 and 9.5.) Employee Earnings to end of previous week Hours worked Regular hourly rate Martial status No.of allowances Emily Jacobs $ 20,800 46 $ 20.00 S 1 Shu Ming 14,560 40 14.00 M 5 Carter Johns 16,120 48 15.50 M 2 Requirement 1: Compute the regular, overtime, and total gross pay for each employee for this pay period. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Employee Regular Pay Overtime Pay Gross Pay E. Jacobs $ $ $ S. Ming C. Johns Total $ $ $

 

Paper#7728 | Written in 18-Jul-2015

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