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(Solved): please and thank you. For hourly employees, overtime is paid for hours worked in excess of 40 hours ...
please and thank you.
For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. For the current pay period, the computer programmer worked 55 hours and the administrator worked 65 hours. Assume that the social security tax rate was 6.0 . the Medicare tax rate was 1.5%. Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal workang hourn in a week are 40 hours. Wr. required round intermediate calculations and final answers to two decimal places.