Using the attached template, you are to compute the gross pay, federal withholding, Social Security...
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Accounting
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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