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Parjan Topic 1 Excel Machine Problem 1

The payroll records from January 2013 show the hours worked and overtime hours for 16 employees. Total regular hours worked were 515 and total overtime hours were 27. The average pay rate was $12.69 per hour. The highest pay after taxes was $537.50 earned by Alex Zimmerman and the average pay after taxes was $320.11.

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Parjan, Harvey John
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51 views

Parjan Topic 1 Excel Machine Problem 1

The payroll records from January 2013 show the hours worked and overtime hours for 16 employees. Total regular hours worked were 515 and total overtime hours were 27. The average pay rate was $12.69 per hour. The highest pay after taxes was $537.50 earned by Alex Zimmerman and the average pay after taxes was $320.11.

Uploaded by

Parjan, Harvey John
Copyright
© © All Rights Reserved
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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PAYROLL RECORDS JANUARY 2013

Employee Hours Overtime Hours


John Abhot 36.00
Terry Burke 40.00 2.00
Linda Carlson 22.00
Krista Carter 25.00
John Dole 39.00
James Erickson 40.00 9.00
Fred Gretchen 39.00
Sally Hertz 13.00
Melanie Jackson 35.00
Peter Lorne 40.00
Mike McDonald 19.00
Lyle O'Toole 40.00 5.00
Samantha Reimer 25.00
William Peterson 33.00
Randy Wilkes 29.00
Alex Zimmerman 40.00 11.00

Total Hours (Regular and OT) 515.00 27.00


Average Pay Rate $12.69
Highest Pay After Taxes $537.50
Lowest Pay After Taxes
Average Pay After Taxes $320.11

Income tax rate brackets: <$450 24.76%


>=$450 31.09%
ORDS JANUARY 2013

Pay Rate (/hour) Subtotal Income Tax Pay After Taxes


$12.00 $432.00 $106.96 $325.04
$15.00 $645.00 $200.53 $444.47
$12.00 $264.00 $65.37 $198.63
$15.00 $375.00 $92.85 $282.15
$9.00 $351.00 $86.91 $264.09
$12.00 $642.00 $199.60 $442.40
$20.00 $780.00 $242.50 $537.50
$12.00 $156.00 $38.63 $117.37
$12.00 $420.00 $103.99 $316.01
$12.00 $480.00 $149.23 $330.77
$9.00 $171.00 $42.34 $128.66
$15.00 $712.50 $221.52 $490.98
$12.00 $300.00 $74.28 $225.72
$9.00 $297.00 $73.54 $223.46
$15.00 $435.00 $107.71 $327.29
$12.00 $678.00 $210.79 $467.21

542.00

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