Explain each employee qualifies to earn overtime

Assignment Help Business Management

Reference no: EM1355959

You work for a local construction firm, "DeVry Engineering Group" and your supervisor wants to test your knowledge and skills with Microsoft Excel and has instructed you to develop a spreadsheet to calculate weekly payroll for "15" employees with the following assumptions-

Note: This is a one part question.

• Each employee could have a standard hourly rate between $10.00 and $30.00 per hour.

• Each employee qualifies to earn overtime at a rate of 1.5 of his or her hourly rate for every hour greater than 40 hours.

• Each employee will have a standard 7.65% deduction for social security

• Each employee will have a standard 14.00% deduction for Federal Taxes

• Each employee will have a standard 5.33% deduction for State Taxes

Reference no: EM1355959

Questions Cloud

Illustrate what happens to equilibrium price and quantity : Illustrate what happens to the equilibrium price and quantity in each market. Which product experiences a larger change in price.

Minimize the negative cash flow : Suppose your small company was just awarded a lucrative contract to provide hundreds of widgets to the US Government. If you perform well, you'll be on "easy street" with all the follow-on business.

Burns company-journal entries : Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. Show the year-end balance sheet presentation for accounts receivable.

Installment sales method of accounting : Neber Corporation, which start operations on January 1, 2007, appropriately uses the installment-sales method of accounting. The following data pertains to Neber's operations for the year 2007:

Explain each employee qualifies to earn overtime : Explain Each employee qualifies to earn overtime at a rate of 1.5 of his or her hourly rate for every hour greater than 40 hours.

Concept of abnormality : Another problem related to the concept of abnormality is its use in personality inventories. Most personality inventories refer to what is abnormal based on what is considered maladaptive behavior.

Computing ebit : Dominion expects to have net income next year of $24 million and Free Cash Flow of $27 million. Dominion's marginal corporate tax rate is 40 percent.

Essay on abnormal behavior : I am doing an essay on abnormal behavior and the topic I chose is gender and sexual preferences/practices.

Explain and contrast two or three aggregate plans : Explain and contrast two or three aggregate plans for companies with tangible products against aggregate plans for companies with nontangible products.

User Account

All Pages