Essay 2 points Complete the following : Payroll Run for ABC company Assume a 15% tax to make it easier. Lorena Hacken= 16.00/HR 50 Hours square

Payroll Run for ABC Company<br /><br />**Employee:** Lorena Hacken<br /><br />**Hourly Rate:** $16.00<br /><br />**Hours Worked:** 50<br /><br />**Calculations:**<br /><br />* **Regular Hours:** 40 hours x $16.00/hour = $640.00<br />* **Overtime Hours:** 10 hours x ($16.00/hour x 1.5) = $240.00<br />* **Gross Pay:** $640.00 + $240.00 = $880.00<br />* **Tax Withholding (15%):** $880.00 x 0.15 = $132.00<br />* **Net Pay:** $880.00 - $132.00 = $748.00<br /><br />**Summary:**<br /><br />Lorena Hacken's net pay for this period is $748.00.<br />