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Example Payroll Exercise

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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242 views

Example Payroll Exercise

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.

Uploaded by

C
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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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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