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Itm Payroll Workbook

This payroll report summarizes the pay information for 12 employees of the Metropolitan Zoo Gift Shop Department. It provides details on each employee's hourly wage, number of dependents, hours worked, overtime pay, gross pay, taxes withheld, and net pay. Key statistics are also calculated, including average hours worked, highest and lowest gross pays, and a breakdown of employees by hours worked bins. Notes explain how regular pay, overtime pay, taxes, and net pay are calculated. Additional tables show the total overtime hours and costs for a full year at the current levels and at half the current overtime hours.

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96 views2 pages

Itm Payroll Workbook

This payroll report summarizes the pay information for 12 employees of the Metropolitan Zoo Gift Shop Department. It provides details on each employee's hourly wage, number of dependents, hours worked, overtime pay, gross pay, taxes withheld, and net pay. Key statistics are also calculated, including average hours worked, highest and lowest gross pays, and a breakdown of employees by hours worked bins. Notes explain how regular pay, overtime pay, taxes, and net pay are calculated. Additional tables show the total overtime hours and costs for a full year at the current levels and at half the current overtime hours.

Uploaded by

api-352473947
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Metropolitan Zoo

Gift Shop Department

Federal
No. of Hourly Hours Overtime Withholding
Name Dependents Wage Worked Regular Pay Pay Gross Pay Taxable Pay Tax FICA Net Pay
Abram 2 $ 9.95 48 $ 398.00 $ 119.40 $ 517.40 $ 417.40 $ 104.35 $ 39.58 $ 373.47
Acosta 1 $ 9.55 48 382.00 114.60 496.60 446.60 111.65 37.99 346.96
Bordeaux 3 $ 11.75 50 470.00 176.25 646.25 496.25 138.95 49.44 457.86
Higinbotham 1 $ 11.75 35 411.25 - 411.25 361.25 90.31 31.46 289.48
Ianziti 1 $ 10.00 40 400.00 - 400.00 350.00 87.50 30.60 281.90
Jaussi 1 $ 9.55 44 382.00 57.30 439.30 389.30 97.33 33.61 308.37
Ling 3 $ 15.75 40 630.00 - 630.00 480.00 134.40 48.20 447.41
Munoz 2 $ 12.25 20 245.00 - 245.00 145.00 21.75 18.74 204.51
Riley 3 $ 13.35 38 507.30 - 507.30 357.30 89.33 38.81 379.17
Sabey 2 $ 10.00 45 400.00 75.00 475.00 375.00 93.75 36.34 344.91
Trujillo 1 $ 9.95 15 149.25 - 149.25 99.25 14.89 11.42 122.94
Weston 2 $ 11.75 41 470.00 17.63 487.63 387.63 96.91 37.30 353.42
Totals $ 4,844.80 $ 560.18 $ 5,404.98 $ 4,304.98 $ 1,081.11 $ 413.48 $ 3,910.39

Taxable Summary
Assumptions Pay Tax Rate Statistics # of Hours Gross Pay Net Pay
Base Work Hours 40 $0 15% Average 38.7 $ 450.41 $ 325.87
Overtime rate 1.5 $250 22% Highest 50.0 $ 646.25 $ 457.86
FICA rate 7.65% $300 25% Lowest 15.0 $ 149.25 $ 122.94
Deduct per Depend $ 50.00 $450 28%
$525 31%

Notes Bin Hours # Employees


1. The base workweek is 40 hours. Regular pay is based on hourly wage and hours worked up to 40. 19 0-19 1
2. Overtime pay is based on overtime hours, the hourly wage, and the overtime rate. 29 20-29 1
3. The gross pay is the total of the regular pay and overtime pay. 40 30-40 4
4. The taxable pay is the difference between the gross pay Over 40 6
and the product of the number of dependents and deduction per dependent.
5. Federal withholding tax is calculated on the taxable pay based on the tax table.
6. FICA is calculated on the employee's gross pay.
7. The net pay is based on the gross pay, federal withholding tax, and FICA.

Franziska Morrow Payroll Data 370966940.xlsx


Overtime Hours
52 weeks

Week Overtime Hours Overtime Cost


1 36 $ 560.18
52 1872 $ 29,129.10

Half of Overtime Hours


Week Overtime Hours Overtime Cost
1 18 $ 280.09
52 936 $ 14,564.55

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