Question
Using the attached template, you are to compute the gross pay, federal withholding, Social Security withholding, Medicare withholding and the net payment for this company.
Using the attached template, you are to compute the gross pay, federal withholding, Social Security withholding, Medicare withholding and the net payment for this company. Assume there is no state income tax. Overtime is paid at a rate of 1.5 times the normal wage rate.
In addition, compute the total gross pay, federal withholding, Social Security withholding, Medicare withholding and net payment for all the employees.
Further, create a pivot table indicating the total gross pay, Social Security withholding, Medicare withholding and net pay for wage employees and for salary employees.
Please note you should use auto fill to complete this assignment in an efficient manner.
| Tax Rates | ||||||||||
| 6,20% | 1,45% | |||||||||
| Employee Numbers | Pay Rate | Regular Hours Worked | Overtime Hours Worked | Gross Pay | Federal W/H Rate | Federal W/H | SS W/H | Medicare W/H | Net Pay | Type |
| 1 | $44,00 | 40 | 6 | 0,25 | Wage | |||||
| 2 | $56,00 | 40 | 0,28 | Wage | ||||||
| 3 | $35,00 | 40 | 9 | 0,15 | Wage | |||||
| 4 | $3 200,00 | 1 | 0,25 | Salary | ||||||
| 5 | $23,00 | 40 | 2 | 0,25 | Wage | |||||
| 6 | $19,00 | 1 | 0,15 | Wage | ||||||
| 7 | $33,00 | 40 | 9 | 0,28 | Wage | |||||
| 8 | $3 100,00 | 1 | 0,28 | Salary | ||||||
| 9 | $2 400,00 | 1 | 0,28 | Salary | ||||||
| 10 | $32,00 | 40 | 6 | 0,25 | Wage | |||||
| 11 | $23,00 | 40 | 0,28 | Wage | ||||||
| 12 | $37,00 | 40 | 9 | 0,15 | Wage | |||||
| 13 | $2 450,00 | 1 | 0,25 | Salary | ||||||
| 14 | $41,00 | 40 | 2 | 0,25 | Wage | |||||
| 15 | $23,00 | 1 | 0,15 | Wage | ||||||
| 16 | $36,00 | 40 | 9 | 0,28 | Wage | |||||
| 17 | $4 100,00 | 1 | 0,28 | Salary | ||||||
| 18 | $2 100,00 | 1 | 0,28 | Salary | ||||||
| 19 | $40,00 | 40 | 6 | 0,25 | Wage | |||||
| 20 | $27,00 | 40 | 0,28 | Wage | ||||||
| 21 | $31,00 | 40 | 9 | 0,15 | Wage | |||||
| 22 | $2 200,00 | 1 | 0,25 | Salary | ||||||
| 23 | $26,00 | 40 | 2 | 0,25 | Wage | |||||
| 24 | $18,00 | 1 | 0,15 | Wage | ||||||
| 25 | $31,00 | 40 | 9 | 0,28 | Wage | |||||
| 26 | $2 900,00 | 1 | 0,28 | Salary | ||||||
| 27 | $2 850,00 | 1 | 0,28 | Salary | ||||||
| 28 | $30,00 | 40 | 6 | 0,25 | Wage | |||||
| 29 | $41,00 | 40 | 0,28 | Wage | ||||||
| 30 | $36,00 | 40 | 9 | 0,15 | Wage | |||||
| 31 | $2 560,00 | 1 | 0,25 | Salary | ||||||
| 32 | $22,00 | 40 | 2 | 0,25 | Wage | |||||
| 33 | $42,00 | 1 | 0,15 | Wage | ||||||
| 34 | $31,00 | 40 | 9 | 0,28 | Wage | |||||
| 35 | $1 800,00 | 1 | 0,28 | Salary | ||||||
| 36 | $1 900,00 | 1 | 0,28 | Salary | ||||||
| 37 | $35,00 | 40 | 6 | 0,25 | Wage | |||||
| 38 | $53,00 | 40 | 0,28 | Wage | ||||||
| 39 | $32,00 | 40 | 9 | 0,15 | Wage | |||||
| 40 | $3 600,00 | 1 | 0,25 | Salary | ||||||
| 41 | $25,00 | 40 | 2 | 0,25 | Wage | |||||
| 42 | $19,00 | 1 | 0,15 | Wage | ||||||
| 43 | $29,00 | 40 | 9 | 0,28 | Wage | |||||
| 44 | $5 000,00 | 1 | 0,28 | Salary | ||||||
| 45 | $1 900,00 | 1 | 0,28 | Salary | ||||||
| 46 | $22,00 | 40 | 6 | 0,25 | Wage | |||||
| 47 | $31,00 | 40 | 0,28 | Wage | ||||||
| 48 | $52,00 | 40 | 9 | 0,15 | Wage | |||||
| 49 | $1 900,00 | 1 | 0,25 | Salary | ||||||
| 50 | $22,00 | 40 | 2 | 0,25 | Wage | |||||
| 51 | $18,00 | 1 | 0,15 | Wage | ||||||
| 52 | $28,00 | 40 | 9 | 0,28 | Wage | |||||
| 53 | $3 300,00 | 1 | 0,28 | Salary | ||||||
| 54 | $2 100,00 | 1 | 0,28 | Salary | ||||||
| 55 | $37,00 | 40 | 6 | 0,25 | Wage | |||||
| 56 | $52,00 | 40 | 0,28 | Wage | ||||||
| 57 | $19,00 | 40 | 9 | 0,15 | Wage | |||||
| 58 | $4 200,00 | 1 | 0,25 | Salary | ||||||
| 59 | $15,00 | 40 | 2 | 0,25 | Wage | |||||
| 60 | $21,00 | 1 | 0,15 | Wage | ||||||
| 61 | $35,00 | 40 | 9 | 0,28 | Wage | |||||
| 62 | $3 500,00 | 1 | 0,28 | Salary | ||||||
| 63 | $2 200,00 | 1 | 0,28 | Salary | ||||||
| 64 | $38,00 | 40 | 6 | 0,25 | Wage | |||||
| 65 | $51,00 | 40 | 0,28 | Wage | ||||||
| 66 | $41,00 | 40 | 9 | 0,15 | Wage | |||||
| 67 | $1 875,00 | 1 | 0,25 | Salary | ||||||
| 68 | $27,00 | 40 | 2 | 0,25 | Wage | |||||
| 69 | $33,00 | 1 | 0,15 | Wage | ||||||
| 70 | $27,00 | 40 | 9 | 0,28 | Wage | |||||
| 71 | $3 700,00 | 1 | 0,28 | Salary | ||||||
| 72 | $2 600,00 | 1 | 0,28 | Salary | ||||||
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
13th Edition
0273730045, 978-0273730040
