Excel Instructions using Excel 2010 or 2013:

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 ove
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 CPP_A_B_Your_Name.xlsx
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.

right of an incorrect answer.

mber or the nearest cent. For example,

l's rounding function.

ls BEFORE calculating overtime rate.

me menu or by entering the formula
reference.)

ur file. You can save your work at any time.

ving each successive version under a different name.
e standard toolbar.
B_Your_Name.xlsx

Name:
Caution: See "round" rules in Excel Instructions before calculating OT for 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

11 Carson, Fran M.
12 Wilson, William A.
13 Utley, Harry T.
21 Fife, Lawrence R.
22 Smith, Lucy K.
31 Fay, Gretchen R.
32 Robey, Glenda B.
33 Schork, Thomas K.
51 Hardy, Barbara T.
99 Kipley, Carson C.
Totals

S
S
M
M
S
M
M
S
M
M

1
0
2
4
2
3
6
1
5
7

40
40
37.5
40
40
40
40
40
40
40

RATE PER
HOUR

$17.50
$17.25
$18.10
$17.90
$19.75
$12.88
$15.58
$19.33
$14.48
$25.00

OVERTIME EARNINGS

AMOUNT

700.00
690.00
678.75
716.00
790.00
515.00
623.08
773.08
579.23
1,000.00
7,065.14

HOURS
WORKED

REGULAR EARNINGS
HOURS
WORKED

EMPLOYEE

January 8, 20 - MARITAL
STATUS
NO. OF W/H
ALLOW.

FOR PERIOD ENDING

0
8
0
6
0
1.25
0
0
4
$0.00

RATE PER
HOUR

$26.25
$25.88
$27.15
$26.85
$29.63
$19.32
$23.37
$29.00
$21.72
$37.50

TOTAL
AMOUNT

207.04
161.10
24.15
86.88
479.17

EARNINGS

700.00
897.04
678.75
877.10
790.00
539.15
623.08
773.08
666.11
1,000.00
7,544.31

JOURNAL
DATE

20--

DESCRIPTION

DEBIT

CREDIT

FICA
OASDI

43.40
55.62
42.08
54.38
48.98
33.43
38.63
47.93
41.30
62.00
467.75

HI

10.15
13.01
9.84
12.72
11.46
7.82
9.03
11.21
9.66
14.50
109.40

Jan. 12

Wages and Salaries

FICA Taxes Payable - OASDI

7,544.31

Net FUTA
467.75

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
Jan. 12

Jan. 14

Payroll Taxes
FICA Taxes Payable - OASDI*
FICA Taxes Payable - HI**
FUTA Taxes Payable
SUTA Taxes Payable
Salaries Payable
Cash

109.40
461.00
231.61
5.29
226.31
440.00
6.80
16.50
5,579.65
790.54

*
467.75
45.27
277.52

5,579.65
5,579.65

SUTA

KIPLEY COMPANY, INC.

PAYROLL REGISTER

DEDUCTIONS

FIT

76.00
119.00
32.00
35.00
78.00
10.00
80.00
9.00
22.00
461.00

Taxable
Earnings

SIT

21.49
27.54
20.84
26.93
24.25
16.55
19.13
23.73
20.45
30.70
231.61

Rate

SUTA

0.49
0.63
0.48
0.61
0.55
0.38
0.44
0.54
0.47
0.70
5.29

Net
FUTA Tax

NET PAY

CIT

21.00
26.91
20.36
26.31
23.70
16.17
18.69
23.19
19.98
30.00
226.31

SIMPLE

20.00
50.00
40.00
50.00
20.00
40.00
50.00
60.00
30.00
80.00
440.00

GROUP

HEALTH

CHECK

INSURANCE

INSURANCE

NO.

1.65
1.65
1.65
1.65
1.65
1.65
1.65
1.65
1.65
1.65
16.50

313
314
315
316
317
318
319
320
321
322

0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
6.80

AMOUNT

504.97
601.83
510.65
668.65
581.41
412.30
484.66
524.83
532.75
757.60
5,579.65

TAXABLE EARNINGS

OASDI

700.00
897.04
678.75
877.10
790.00
539.15
623.08
773.08
666.11
1,000.00
7,544.31

HI

700.00
897.04
678.75
877.10
790.00
539.15
623.08
773.08
666.11
1,000.00
7,544.31

7,544.31

0.60%

45.27
SUTA Tax

7,544.31

0.036785

277.52

TAXABLE EARNINGS

FUTA

700.00
897.04
678.75
877.10
790.00
539.15
623.08
773.08
666.11
1,000.00
7,544.31

SUTA

700.00
897.04
678.75
877.10
790.00
539.15
623.08
773.08
666.11
1,000.00
7,544.31