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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 | |||||||||
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