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  • Payroll summary calculations for project budgeting

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    sjoshi143
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    The document provides payroll summary information for 57 employees. It states the average employee wage is $9.75 per hour, employees work 40 hours per week, for 52 weeks per year. Benefits are calculated at 14.8% of wages. The total annual wage expense is $1,155,960 and total annual employee benefits are $171,082, giving total payroll costs of $1,327,042.

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    CaseStudy of Data Anlysis

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    The document provides payroll summary information for 57 employees. It states the average employee wage is $9.75 per hour, employees work 40 hours per week, for 52 weeks per year. Benefits are calculated at 14.8% of wages. The total annual wage expense is $1,155,960 and total annual employee benefits are $171,082, giving total payroll costs of $1,327,042.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views4 pages

    Payroll summary calculations for project budgeting

    Uploaded by

    sjoshi143
    The document provides payroll summary information for 57 employees. It states the average employee wage is $9.75 per hour, employees work 40 hours per week, for 52 weeks per year. Benefits are calculated at 14.8% of wages. The total annual wage expense is $1,155,960 and total annual employee benefits are $171,082, giving total payroll costs of $1,327,042.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Payroll Summary

    Basic Assumptions
    Number of employees 57
    Average employee wage $9.75
    Hours worked per week 40.00
    Weeks worked per year 52
    Benefits (as % of wage) 14.80%
    Formula Results
    Annual Wage Expense $1,155,960
    Annual Employee Benefits 171,082
    Total Payroll Costs $1,327,042

    If the Total Payroll Costs Is constraint to 1000000 find out the No of Employee Required in this Project
    Payroll Summary For Project
    Basic Assumptions
    Number of employees 57
    Average employee wage $9.75
    Hours worked per week 40.00
    Weeks worked per year 52
    Benefits (as % of wage) 14.80%
    Formula Results
    Annual Wage Expense $1,155,960
    Annual Employee Benefits 171,082
    Total Payroll Costs $1,327,042

    Find the Total Payroll Costs for Emp. in the Range of 40-60

    No of Emp. in the Range of 40-60 Total Payroll Costs


    Payroll Summary
    Basic Assumptions
    Number of employees 57
    Average employee wage $9.75
    Hours worked per week 40.00
    Weeks worked per year 52
    Benefits (as % of wage) 14.80%
    Formula Results
    Annual Wage Expense $1,155,960
    Annual Employee Benefits 171,082
    Total Payroll Costs $1,327,042

    Find the Total Payroll Costs for Emp. in the Range of 40-60 and wage between 9-15
    Payroll Summary
    Basic Assumptions Worst Cas Best Case
    Number of employees 57 60 52
    Average employee wage $9.75 12 8
    Hours worked per week 40.00 48
    Weeks worked per year 52 52
    Benefits (as % of wage) 14.80% 16% 14%
    Formula Results
    Annual Wage Expense $1,155,960
    Annual Employee Benefits 171,082
    Total Payroll Costs $1,327,042

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