Morales-Sanchez_exploring_e02_grader_h2.xlsx - Metropolitan Zoo Gift Shop Department Name No of Dependents Hourly Wage Hours Worked Regular Pay Overtime

Morales-Sanchez_exploring_e02_grader_h2.xlsx - Metropolitan...

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Dabnell Morales Sanchez Payroll Data d86116cc3a7f5f6b710a8b11754812839859d3e1.xlsx Metropolitan Zoo Gift Shop Department Name Regular Pay Gross Pay Taxable Pay FICA Net Pay Abram 2 $ 9.95 $ 48.00 $ 398.00 $ 119.40 $ 517.40 $ 417.40 $ 104.35 $ 39.58 $ 413.05 Acosta 1 $ 9.55 48 382.00 114.60 496.60 446.60 104.35 37.99 392.25 Bordeaux 3 $ 11.75 50 470.00 176.25 646.25 496.25 116.87 49.44 529.38 Higinbotham 1 $ 11.75 35 411.25 - 411.25 361.25 104.35 31.46 306.90 Ianziti 1 $ 10.00 40 400.00 - 400.00 350.00 104.35 30.60 265.05 Jaussi 1 $ 9.55 44 382.00 57.30 439.30 389.30 104.35 33.61 334.95 Ling 3 $ 15.75 40 630.00 - 630.00 480.00 116.87 48.20 513.13 Munoz 2 $ 12.25 20 245.00 - 245.00 145.00 62.61 18.74 182.39 Riley 3 $ 13.35 38 507.30 - 507.30 357.30 104.35 38.81 402.95 Sabey 2 $ 10.00 45 400.00 75.00 475.00 375.00 104.35 36.34 370.65 Trujillo 1 $ 9.95 15 149.25 - 149.25 99.25 62.61 11.42 86.64 Weston 2 $ 11.75 41 470.00 17.63 487.63 387.63 104.35 37.30 383.28 Totals $ 4,844.80 $ 560.18 $ 5,404.98 $ 4,304.98 $ 1,193.76 $ 413.48 $ 4,180.61
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Unformatted text preview: Assumptions Tax Rate # of Hours Gross Pay Net Pay Base Work Hours 40 $0 15% Average 38.7 $ 450.41 $ 348.38 Overtime rate 1.5 $250 22% Highest 50.0 $ 646.25 $ 529.38 FICA rate 7.65% $300 25% Lowest 15.0 $ 149.25 $ 86.64 Deduct per Depend $ 50.00 $450 28% $525 31% Notes 1. The base workweek is 40 hours. Regular pay is based on hourly wage and hours worked up to 40. 2. Overtime pay is based on overtime hours, the hourly wage, and the overtime rate. 3. The gross pay is the total of the regular pay and overtime pay. 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. No. of Dependents Hourly Wage Hours Worked Overtime Pay Federal Withholding Tax Taxable Pay Summary Statistics 4. The taxable pay is the difference between the gross pay and the product of the number of dependents and deduction per dependent....
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