Question
In the payroll journal worksheet, create formulas to calculate the regular pay and overtime pay for cells G3 and I 3, respectivey. Hint: keep in
In the payroll journal worksheet, create formulas to calculate the regular pay and overtime pay for cells G3 and I 3, respectivey. Hint: keep in mind that you must create a formula (i.e., an IF statement) that will calculate pay for an salaried employees whether or not they have entries for the number of hours worked. Otherwise, it would be easy for someone to commit fraud by, for example, paying a salaried individual overtime.
| DATE | EMPLOYEE ID | EMPLOYEE NAME | PAY TYPE | EARNINGS | DEDUCTIONS | PAYMENT | SUBS POST REF | |||||||
| REGULAR HOURS | PAY RATE | REGULAR PAY | OVERTIME HOURS | OVERTIME PAY | GROSS PAY G/L 40500 | FICA & MEDICARE G/L 20600 | FED. INC. TAX G/L 20300 | NET PAY G/L 10100 | CK. NO. | |||||
| December 31, 20XX | 124-11-7755 | Thomas P. Bryan | Hourly | 96.00 | 15.00 | 2.25 | ||||||||
| December 31, 20XX | 296-49-3438 | Anna | salaried | 2250.00 | ||||||||||
| December 31, 20XX | 349-43-6417 | Jose | salaried | 3000.00 | ||||||||||
| December 31, 20XX | 014-39-4215 | John | Hourly | 80.00 | 20.00 | |||||||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Healthcare Fraud Auditing And Detection Guide
Authors: Rebecca S. Busch
1st Edition
0470127104, 978-0470127100
