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Need to calculate exempt holiday pay & gross amount. I've tried various ways and cannot compute. Example: Annual Salary to Hourly Rate, Nonexempt Employee Employee

Need to calculate exempt holiday pay & gross amount. I've tried various ways and cannot compute.

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Example: Annual Salary to Hourly Rate, Nonexempt Employee Employee Varden's annual salary is $42,000, and he is a nonexempt employee. Hourly rate = $42,000/(52 40) = $42,000/2080 Hourly rate = $20.19231 per hour Example: Period Gross Pay, Saloried Employee Employee Chinson earns an annual salary of $24,000 and is pald semimonthly Period gross pay = $24,000/24 = $1.000 gross pay For pay periods with holiday hours: determine the amount pald per day, multiply by the number of days applicable to each . Annual salary: $24,000 / (52 * 5) = $24,000/260 = $92.30769 (rounded to 5 decimal points) per day After the gross pay has been calculated, round the result to only two decimal points prior to calculating taxes or other withholdings Employees are paid for the following holidays occurring during the final quarter: Thanksgiving day and the day after, Thursday and Friday, November 28-29. Christmas, which is a Wednesday. Employees receive holiday pay for Tuesday, December 24, and Wednesday, December 25. For the completion of this project, refer to the tax-related information in the table below. For federal withholding calculations, use the percentage method tables in Appendix C. which is provided below. For Utah state withholding calculations, use the Utah Schedule 3 tax tables linked below (ensure to use the appropriate Utah table based on each employee's marital status). Both 401(k) and Insurance are pre-tax for federal Income tax and Utah Income tax. Round calculations to get to final tax amounts and 401(k) contributions after calculating gross pay. October 1: Wayland Custom Woodworking (WCW) pays its employees according to their job classification. The following employees comprise Wayland's staff: Employee Number Name and Address 00-Chins Anthony Chinson 530 Sylvann Avenue Logan, UT 84321 435-555-1212 Job title: Account Executive Payroll information Married, 1 Withholding allowance -Exempt $24,000/year + commission Start Date: 10/1/2019 SSN: 511-22-3333 20-Wayla Mark Wayland 1570 Lovett Street Logan, UT 84321 435-555-1110 Job title: President owner Married, 5 withholding allowances Exempt $75,000/year Start Date: 10/1/2019 SSN: 505-33-1775 01-Peppi Sylvia Peppinico 291 Antioch Road Logan, UT 84321 435-555-2244 Job title: Craftsman Married, 7 withholding allowances Exempt $43,500/year Start Date: 10/1/2019 SSN: 047-55-9951 Example: Annual Salary to Hourly Rate, Nonexempt Employee Employee Varden's annual salary is $42,000, and he is a nonexempt employee. Hourly rate = $42,000/(52 40) = $42,000/2080 Hourly rate = $20.19231 per hour Example: Period Gross Pay, Saloried Employee Employee Chinson earns an annual salary of $24,000 and is pald semimonthly Period gross pay = $24,000/24 = $1.000 gross pay For pay periods with holiday hours: determine the amount pald per day, multiply by the number of days applicable to each . Annual salary: $24,000 / (52 * 5) = $24,000/260 = $92.30769 (rounded to 5 decimal points) per day After the gross pay has been calculated, round the result to only two decimal points prior to calculating taxes or other withholdings Employees are paid for the following holidays occurring during the final quarter: Thanksgiving day and the day after, Thursday and Friday, November 28-29. Christmas, which is a Wednesday. Employees receive holiday pay for Tuesday, December 24, and Wednesday, December 25. For the completion of this project, refer to the tax-related information in the table below. For federal withholding calculations, use the percentage method tables in Appendix C. which is provided below. For Utah state withholding calculations, use the Utah Schedule 3 tax tables linked below (ensure to use the appropriate Utah table based on each employee's marital status). Both 401(k) and Insurance are pre-tax for federal Income tax and Utah Income tax. Round calculations to get to final tax amounts and 401(k) contributions after calculating gross pay. October 1: Wayland Custom Woodworking (WCW) pays its employees according to their job classification. The following employees comprise Wayland's staff: Employee Number Name and Address 00-Chins Anthony Chinson 530 Sylvann Avenue Logan, UT 84321 435-555-1212 Job title: Account Executive Payroll information Married, 1 Withholding allowance -Exempt $24,000/year + commission Start Date: 10/1/2019 SSN: 511-22-3333 20-Wayla Mark Wayland 1570 Lovett Street Logan, UT 84321 435-555-1110 Job title: President owner Married, 5 withholding allowances Exempt $75,000/year Start Date: 10/1/2019 SSN: 505-33-1775 01-Peppi Sylvia Peppinico 291 Antioch Road Logan, UT 84321 435-555-2244 Job title: Craftsman Married, 7 withholding allowances Exempt $43,500/year Start Date: 10/1/2019 SSN: 047-55-9951

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