Explain each employee qualifies to earn overtime at a rate, Ask an Expert

Management Studies

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

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9276274

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