Accounting and Finance Foundations

Unit 8

Accounting and Finance Foundations Unit 8: Payroll 673

Payroll Student Assignment

Chapter 2

20.4.9

Chapter 20

Computing Gross and Net Pay

Compute the gross pay and the net pay for each employee.

Computing Gross & Net Pay

EMPLOYEE

NUMBER

EMPLOYEE

NAME

HOURLY

RATE

HOURS

WORKED

GROSS

PAY

TAXES

WITHHELD

NET

PAY

2376 FORD $7.89 35 $98.03

971 SMITH $8.00 40 $99.00

1549 BELL $6.50 36 $56.00

1025 CARTER $9.00 35 $101.02

1001 JONES $5.57 30 $32.30

940 HARGROVE $6.30 20 $40.00

1115 AARON $7.10 20 $65.20

845 EDWARDS $5.60 25 $34.00

386 BENNETT $11.25 15.5 $153.10

1350 DAVIS $10.00 38.5 $133.00

2980 BIGGS $9.20 38 $127.80

1670 DUNCAN $6.75 39 $58.10

560 EVANS $9.90 40 $100.25

1333 ADAMS $10.10 40 $105.00

1001 WORTH $7.70 40 $69.90

896 FUTRELL $8.85 36.5 $97.50

546 SAMS $9.50 34.5 $125.00

1186 LANELY $7.50 32.5 $70.00

544 SIMMONS $8.40 30 $101.50

20.4 Calculating Pay (cont’d)