Explore BrainMass

Calculate gross pay including employee and employer taxes

I am employed by HN Construction.
Hourly rate of $32 with overtime of 1.5 times regular pay rate for all hours more than 40 per week.
Total hours worked:52
Federal Income tax withheld $275
Cumulative earnings prior to the current week: $45,800
Payroll taxes:
FICA Taxes-owed by both Employee and Employer:
Social Security 6.2% on maximum earnings of $106,400
Medicare tax: 1.45% on all earnings
Unemployment Taxes-owed by Employer only: state unemployment: 5.4% on maximum earnings of $7000 and federal Unemployment of 0.8%; on maximum earnings of $7000

Determine Gross pay for current week
Total deductions for this pay period
HN payroll tax related to this person.
Please show work

© BrainMass Inc. brainmass.com July 16, 2018, 6:38 pm ad1c9bdddf

Solution Preview

Gross pay for the current week:

40 hours x 32 = 1280
12 hours x (32 x 1.5) = 576
Total gross for the week is 1280 + 576 = 1856.00

Total deductions for this pay period

Federal ...

Solution Summary

The solution gives all the calculations with explanation for how to compute gross and net payroll, plus the payroll burden paid by the employer.