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  • Example Payroll Exercise

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    This payroll document shows employee names, hourly wages, regular and overtime hours worked, gross pay, federal, FICA, state, and local tax withholdings, total withholdings, and net pay for 5 employees. It also provides totals for gross pay, withholdings, and maximum, minimum, and average net pay among the employees.

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    Excel Worksheet of an Example Payroll

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    This payroll document shows employee names, hourly wages, regular and overtime hours worked, gross pay, federal, FICA, state, and local tax withholdings, total withholdings, and net pay for 5 employees. It also provides totals for gross pay, withholdings, and maximum, minimum, and average net pay among the employees.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    209 views3 pages

    Example Payroll Exercise

    Uploaded by

    C
    This payroll document shows employee names, hourly wages, regular and overtime hours worked, gross pay, federal, FICA, state, and local tax withholdings, total withholdings, and net pay for 5 employees. It also provides totals for gross pay, withholdings, and maximum, minimum, and average net pay among the employees.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    Employee Name

    Hourly Wage

    Doe
    Jones
    Martin
    Smith
    White

    Php
    Php
    Php
    Php
    Php

    8.20
    9.45
    9.00
    11.25
    14.50

    Totals

    Php

    52.40

    Rates
    Federal Withholding
    FICA
    PA Withholding
    Local Withholding
    Overtime Factor

    Regular
    Hours

    Overtime
    Hours
    40
    40
    40
    35
    40

    Php

    195.00

    15.00%
    6.50%
    3.07%
    1.00%
    1.5

    0
    5
    9
    0
    1
    Php

    15.00

    Gross Pay

    Fed. WH

    Php
    Php
    Php
    Php
    Php

    328.00
    448.88
    481.50
    393.75
    601.75

    Php
    Php
    Php
    Php
    Php

    Php

    2,253.88

    Php

    49.20
    67.33
    72.23
    59.06
    90.26

    FICA WH

    PA WH

    Local WH

    Php
    Php
    Php
    Php
    Php

    21.32
    29.18
    31.30
    25.59
    39.11

    Php
    Php
    Php
    Php
    Php

    10.07
    13.78
    14.78
    12.09
    18.47

    Php
    Php
    Php
    Php
    Php

    3.28
    4.49
    4.82
    3.94
    6.02

    338.08 Php

    146.50

    Php

    69.19 Php

    22.54

    Total
    Withholding

    Net Pay

    Php
    Php
    Php
    Php
    Php

    83.87
    114.78
    123.12
    100.68
    153.87

    Php
    Php
    Php
    Php
    Php

    244.13
    334.10
    358.38
    293.07
    447.88

    Php

    576.32 Php

    1,677.56

    Maximum
    Minimum
    Average
    Count

    Php
    Php
    Php

    447.88
    244.13
    335.51
    5

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