Excel Instructions using Excel 2010:

1. Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answe
2. A formula begins with an equals sign (=) and can consist of any of the following elements:
Operators such as + (for addition), - (for subtraction), * (for multiplication), and / (for division).
Cell references, including cell addresses such as B52, as well as named cells and ranges
Values and text
Worksheet functions (such as SUM)
3. You can enter a formula into a cell manually (typing it in) or by pointing to the cells.
To enter a formula manually, follow these steps:
Move the cell pointer to the cell that you want to hold the formula.
Type an equals sign (=) to signal the fact that the cell contains a formula.
Type the formula, then press Enter.

4. Rounding: These templates have been formatted to round numbers to either the nearest whole number or the nearest cent. Fo
17.65 x 1.5=26.475. The template will display and hold 26.48, not 26.475. There is no need to use Excel's rounding function.
EXCEPTION: Continuing Payroll Problems A & B: CHAPTER 2
When calculating over-time rate for weekly salary, round regular rate to TWO decimals BEFORE calculating ov
Rounding can be accomplished by using Number function (using arrows) on Excel Home menu or by entering th
=(Round(Weekly/40,2))*1.5 (where "Weekly" entered as either the weekly pay or cell reference.)
Failure to use the ROUND function will cause the OT rate to be incorrect.

5. Remember to save your work. When saving your workbook, Excel overwrites the previous copy of your file. You can save your w
You can save the file to the current name, or you may want to keep multiple versions of your work by saving each successive version
To save to the current name, you can select File, Save from the menu bar or click on the disk icon in the standard toolbar.
It is recommended that you save the file to a new name that identifies the file as yours, such as Excel_End_of_Chapter_Problems_20
To save under a different name, follow these steps:
Select File, Save As to display the Save As Type drop-box, chose Excel Workbook (*.xlsx)
Select the folder in which to store the workbook.
Enter the new filename in the File name box.

Click Save.

ght of an incorrect answer.

er or the nearest cent. For example,

rounding function.

BEFORE calculating overtime rate.

menu or by entering the formula
ference.)

file. You can save your work at any time.

g each successive version under a different name.
andard toolbar.
_of_Chapter_Problems_2012_Your_Name.xlsx

Name:
CAUTION: See "round" rules in Excel Instructions before calculating OT for salaried employees.
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer.

Continuing Payroll Problem-A

KIPLEY C

PAYROL
January 8, 20 - -

40

$7.50

$300

12 Wilson, William A.

40

$7.25

$290

13 Utley, Harry T.

37.5

$8.10

$303.75

21 Fife, Lawrence R.

40

$7.90

$316.00

22 Smith, Lucy K.

40

$9.75

$390

31 Fay, Gretchen R.

40

$515

32 Robey, Glenda B.

40

33 Schork, Thomas K.

51 Hardy, Barbara T.

99 Kipley, Carson C.
Totals

MARITAL
STATUS

11 Carson, Fran M.

EMPLOYEE

RATE PER
HOUR

AMOUNT

HOURS
WORKED

OVERTIME EARNINGS

HOURS
WORKED

REGULAR EARNINGS

NO. OF W/H
ALLOW.

FOR PERIOD ENDING

RATE PER
HOUR

TOTAL
AMOUNT

EARNINGS

OASDI

HI

$300

18.60

4.35

$377.04

23.38

5.47

$303.75

18.83

4.40

$387.10

24.00

5.61

$390.00

24.18

5.66

$539.15

33.43

7.82

$392.31

$392.31

24.32

5.69

40

$542.31

$542.31

33.62

7.86

40

$348.46

$52.28

$400.74

24.85

5.81

40

$1,000.00
$4,397.83

$234.57

$1,000.00
$4,632.40

62.00
287.21

14.50
67.17

8
6
1 1/4

$10.88
$11.85
$19.32

$13.07

$87.04
$71.10
$24.15

JOURNAL
DATE

FICA

DESCRIPTION

DEBIT

CREDIT

20-Jan. 12

Wages and Salaries

4,632.40

FICA Taxes Payable - OASDI

287.21

FICA Taxes Payable - HI

67.17

Employees FIT Payable

163.00

Employees SIT Payable

142.21

Employees SUTA Payable

3.69

Employees CIT Payable

138.96

SIMPLE Deductions Payable

440.00

Group Insurance Premiums Collected

6.80

Health Insurance Premiums Collected

16.50

Salaries Payable
Jan. 12

Payroll Taxes

3,366.86
562.98

FICA Taxes Payable - OASDI

Jan. 14

Net FUTA

287.21

FICA Taxes Payable - HI

67.17

FUTA Taxes Payable

37.06

SUTA Taxes Payable

171.54

Salaries Payable
Cash

3,366.86
3,366.86

SUTA

KIPLEY COMPANY, INC.

PAYROLL REGISTER

DEDUCTIONS

FIT

SIT

SUTA

NET PAY

CIT

SIMPLE

GROUP

HEALTH

CHECK

INSURANCE

INSURANCE

NO.

AMOUNT

TAXABLE EARNINGS

OASDI

HI

18.00

9.21

0.24

9.00

20.00

0.85

1.65

313

218.10

300.00

300.00

35.00

11.58

0.30

11.31

50.00

0.85

1.65

314

237.50

377.04

377.04

9.33

0.24

9.11

40.00

0.85

1.65

315

219.34

303.75

303.75

11.88

0.31

11.61

50.00

0.85

1.65

316

281.19

387.10

387.10

21.00

11.97

0.31

11.70

20.00

1.65

317

293.53

390.00

390.00

13.00

16.55

0.43

16.17

40.00

0.85

1.65

318

409.25

539.15

539.15

12.04

0.31

11.77

50.00

0.85

1.65

319

285.68

392.31

392.31

16.65

0.43

16.27

60.00

1.65

320

357.83

542.31

542.31

12.30

0.32

12.02

30.00

0.85

1.65

321

312.94

400.74

400.74

30.70
142.21

0.80
3.69

30.00
138.96

80.00
440.00

0.85
6.80

1.65
16.50

322

751.50
3,366.86

1,000.00
4,632.40

1,000.00
4,632.40

48.00
28.00
163.00

Taxable

Net

Earnings

Rate

4,632.40

0.008

4,632.40

0.03703

FUTA Tax
37.06
SUTA Tax
171.54

TAXABLE EARNINGS

FUTA

SUTA

300.00

300.00

377.04

377.04

303.75

303.75

387.10

387.10

390.00

390.00

539.15

539.15

392.31

392.31

542.31

542.31

400.74

400.74

1,000.00
4,632.40

1,000.00
4,632.40

Name:

CAUTION: See "round" rules in Excel Instructions before calculating OT for salaried employees.
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answe
Continuing Payroll Problem-B

RATE PER
HOUR
AMOUNT

11 Mangino, R.

40

8.50

340.00

12 Flores, I.

40

9.25

370.00

13 Palmetto, C.

38.5

7.80

300.30

21 Waters, R.

40

$ 10.70

428.00

22 Kroll, C.

40

$ 13.80

552.00

31 Ruppert, C.

40

800.00

32 Scott, W.

40

780.00

33 Wickman, S.

40

807.69

51 Foley, L.

40

1,038.46

99 Olney, M.

40

1,500.00

Totals

OVERTIME EARNINGS
HOURS
WORKED

REGULAR EARNINGS
HOURS
WORKED

NO. OF W/H
ALLOW.

EMPLOYEE

January 8, 20 - -

MARITAL
STATUS

FOR PERIOD ENDING

RATE
PER
HOUR

10

$13.88

138.80

$16.05

112.35

1 1/4 $30.00

37.50

$38.94

6,916.45

AMOUNT

194.70
483.35

JOURNAL
DATE

DESCRIPTION

DEBIT

20-Jan. 12

Wages and Salaries

FICA Taxes Payable - OASDI
FICA Taxes Payable - HI
Employees FIT Payable
Employees SIT Payable
Employees SUTA Payable
Employees CIT Payable
SIMPLE Deductions Payable
Group Insurance Premiums Collected
Health Insurance Premiums Collected
Salaries Payable

7,399.80

Jan. 12

Payroll Taxes

899.30

FICA Taxes Payable - OASDI

FICA Taxes Payable - HI
FUTA Taxes Payable
SUTA Taxes Payable
Jan. 14

Salaries Payable
Cash

5,575.16

r to the right of an incorrect answer.

OLNEY COMPANY, INC.

PAYROLL REGISTER

DEDUCTIONS
TOTAL
EARNINGS

FICA
OASDI

HI

FIT

SIT

SUTA

CIT

340.00

21.08

4.93

24.00

10.44

0.27

3.40

508.80

31.55

7.38

54.00

15.62

0.41

5.09

300.30

18.62

4.35

9.22

0.24

3.00

540.35

33.50

7.84

12.00

16.59

0.43

5.40

552.00

34.22

8.00

45.00

16.95

0.44

5.52

837.50

51.93

12.14

48.00

25.71

0.67

8.38

780.00

48.36

11.31

30.00

23.95

0.62

7.80

807.69

50.08

11.71

88.00

24.80

0.65

8.08

1,233.16

76.46

17.88

88.00

37.86

0.99

12.33

1,500.00

93.00

21.75

99.14

46.05

1.20

15.00

7,399.80

458.80

107.29

488.14

227.19

5.92

74.00

Taxable
Earnings
CREDIT

458.80
107.29
488.14
227.19
5.92
74.00
440.00
6.80
16.50
5,575.16

Rate

Net
FUTA Tax

Net FUTA

7,399.80

0.008

59.20
SUTA Tax

SUTA

7,399.80

0.03703

274.01

458.79
107.30
59.20
274.01

5,575.16

NET PAY

SIMPLE

GROUP

HEALTH

INSURANCE

INSURANCE

TAXABLE EARNINGS

CHECK
NO.

AMOUNT

20.00

0.85

1.65

313

253.38

340.00

340.00

50.00

0.85

1.65

314

342.25

508.80

508.80

1.65

315

223.22

300.30

300.30

40.00

OASDI

HI

60.00

0.85

1.65

316

402.09

540.35

540.35

20.00

0.85

1.65

317

419.37

552.00

552.00

40.00

0.85

1.65

318

648.17

837.50

837.50

50.00

0.85

1.65

319

605.46

780.00

780.00

1.65

320

572.72

807.69

807.69

50.00
30.00

0.85

1.65

321

967.14

1,233.16

1,233.16

80.00

0.85

1.65

322

1,141.36

1,500.00

1,500.00

440.00

6.80

16.50

5,575.16

7,399.80

7,399.80

TAXABLE EARNINGS

FUTA

SUTA

340.00

340.00

508.80

508.80

300.30

300.30

540.35

540.35

552.00

552.00

837.50

837.50

780.00

780.00

807.69

807.69

1,233.16

1,233.16

1,500.00

1,500.00

7,399.80

7,399.80

Chapter 6 Continuing Payroll Problem A

Total net paid

Deductions
OASDI
HI
FIT
SIT
SUTA
CIT
Simple deductions
Group Insurance
Health Insurance
Total earnings

$3,366.86
$287.21
$67.17
$163.00
$142.21
$3.69
$138.96
$440.00
$6.80
$16.50

$1,265.54
$4,632.40

Chapter 6 Continuing Payroll Problem B

Total net paid

Deductions
OASDI
HI
FIT
SIT
SUTA
CIT
Simple deductions
Group Insurance
Health Insurance
Total earnings

$5,575.16
$458.80
$107.29
$488.14
$227.19
$5.92
$74.00
$440.00
$6.80
$16.50

$1,824.64
$7,399.80