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=Preparing Payroll Time Cards=

Analyzing a payroll time card:
Using a time card system provides internal control for accurate reoporting of time worked.

Time Card:

Calculating employee hours worked:
1st - Calculate regular hours worked each day and enter in the regular hours column. Be sure to round to the nearest quarter hour (12:05 would actually be 12:00) 2nd - Calculate overtime hours worked each day and enter int he overtime column. 3rd - Add the regular hours worked each day in the regular hours column and then the overtime hours worked each day in the overtime column. 4th - Add the hours column to calculate total hours worked.



Calculating employee total earnings:
Total earning is the total pay due BEFORE deductions.

1st - Enter the regular pay rate in the rate column. 2nd - Calculate the regular earnings by multiplying the regular hours worked times the rate. Then enter the amount in the amount column. 3rd - Enter the rate for overtime in the rate column. (remember over time is 1.5 times the regular rate) 4th - Calculate the overtime earnings by multiplying the overtime hours worked times the rate. Then enter the amount in the amount column. 5th - Add the amount column to calculate the total earnings.



13.1 Review Questions:

 * 1) //What is a payroll?//
 * 2) //How many hours were worked by an employee who arrived at 8:29 and departed at 12:02?//
 * 3) //How does Omni calculate overtime earnings?//
 * 4) //What are the total earning of an employee who worked 40 hours and earned $11.00 per hour?//