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    Module 7

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    Muyco Mario Angelo
    Here is a graphical representation of the employee's salary details using a bar chart in MS Excel: [INSERT BAR CHART HERE WITH GROSS EARNINGS AND DEDUCTIONS LABELED]

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    Module 7

    Uploaded by

    Muyco Mario Angelo
    99 views10 pages
    Here is a graphical representation of the employee's salary details using a bar chart in MS Excel: [INSERT BAR CHART HERE WITH GROSS EARNINGS AND DEDUCTIONS LABELED]

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    MODULE-7.pptx

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    Here is a graphical representation of the employee's salary details using a bar chart in MS Excel: [INSERT BAR CHART HERE WITH GROSS EARNINGS AND DEDUCTIONS LABELED]

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    99 views10 pages

    Module 7

    Uploaded by

    Muyco Mario Angelo
    Here is a graphical representation of the employee's salary details using a bar chart in MS Excel: [INSERT BAR CHART HERE WITH GROSS EARNINGS AND DEDUCTIONS LABELED]

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    MODULE 7

    OVERTIME PAY
    OVERTIME WORK
    • Work done by an employee in excess of their
    normal working hours (eight hours a day)
    • Additional compensation paid for the work beyond
    eight hours a day.
    PAYMENT FOR OVERTIME
    Day When Overtime is Performed Overtime Pay
    Regular, beyond normal working hours (plus 25% of hourly Hourly rate x 1.25 x number of hours
    rate)
    Regular night shift, between 10PM and 6AM (plus 10%) Hourly rate x 1.25 x 1.10= Hourly rate x 1.375 x number of
    hours
    Rest day (plus 30%) Hourly rate x 1.30=Hourly rate x 1.30 x number of hours
    Rest day, beyond 8 hours (plus 30%) Hourly rate x 1.30 x 1.30= Hourly rate x 1.69 x number of
    hours
    Rest day night shift, between 10PM and 6AM (plus 10%) Hourly rate x 1.30 x 1.30= hourly rate x 1.69 x number of
    hours
    Special holiday (plus 30%) Hourly rate x 1.30= hourly rate x 1.30 x number of hours
    Special holiday, beyond 8 hours (plus 30%) Hourly rate x 1.30 x 1.30= Hourly rate x 1.69 x number of
    hours
    Special holiday night shift, between 10PM and 6AM (plus Hourly rate x 1.30 x 1.30 x 1.10= Hourly rate x 1.859 x
    10%) number of hours
    Special holiday and rest day (plus 50%) Hourly rate x 1.50= Hourly rate x 1.50 x number of hours
    Special holiday and rest day, beyond 8 hours (plus 50%) Hourly rate x 1.50 x 1.30= Hourly rate x 1.95 x number of
    hours
    Day When Overtime is Performed Overtime Pay
    Special holiday and rest day, night shift (plus 10%) Hourly rate x 1.50 x 1.30 x 1.10= Hourly rate x 2.145 x
    number of hours
    Legal holiday, beyond 8 hours (200% plus 30%) Hourly rate x 2.00 x 1.30= Hourly rate x 2.60 x number of
    hours
    Legal holiday, night shift (plus 10%) Hourly rate x 2.00 x 1.30 x 1.10=Hourly rate x 2.86 x
    number of hours
    Legal holiday and rest day (plus 30%) Hourly rate x 2.00 x 1.30= Hourly rate x 2.60 x number of
    hours
    Legal holiday and rest day, beyond 8 hours (plus 30%) Hourly rate x 2.00 x 1.30 x 1.30= Hourly rate x 3.38 x
    number of hours
    Legal holiday and rest day, night shift (plus 10%) Hourly rate x 2.00 x 1.30 x 1.30 x 1.10= Hourly rate x
    3.718 x number of hours
    USING MICROSOFT EXCEL
    IN COMPUTING SALARY
    AND OVERTIME PAY
    EXAMPLE 1
    • Compute the salary for one week of the following employees using MS
    Excel. Refer to the given time sheet.

    EMPLOYEE HOURLY MON TUE WED THU FRI


    RATE

    Sam Bueno P 150 8 9 8 10 12

    Dan Cruz P 145 10 8 12 7 10

    Ezra Tan P 130 8 8 10 8 10

    Aira Valdez P 120 7.5 8 9 7 12


    EXAMPLE 2
    Gross Earnings
    Basic Salary P 21 333.33
    Overtime Pay P 6 982.64
    Transport Allowance P 1 750.00
    Rice Allowance (NT) P 1 500.00
    TOTAL EARNINGS P 31 565.97

    Deductions
    Employee Pag-IBIG ( 100.00)
    Employee PhilHealth ( 262.50)
    Employee SSS ( 581.30)
    Withholding Tax ( 5 686.46)
    TOTAL DEDUCTIONS ( 6 630.26)

    Net Earnings P 24 935.71


    GROUP ACTIVITY / GROUP 1, 6
    • Compute Frank’s salary if he is paid on an hourly basis of P286. The nature
    of his job requires no official time in and no overtime pay beyond his
    normal working hours of 8 hours per day. His time sheet for the week shows
    the following:
    DATE DAY TIME IN TIME OUT
    20-July Monday 7:04 am 4:30 pm

    21-July Tuesday 8:15 am 5:00 pm

    22-July Wednesday 7:25 am 6:00 pm

    23-July Thursday 8:00 am 4:00 pm

    24-July Friday 7:50 am 6:00 pm

    25-July Saturday 8:02 am 4:00 pm


    GROUP ACTIVITY / GROUP 2, 5, 3
    • Using Excel, compute Ruth’s overtime pay if she is paid an hourly rate of P350 and her
    time record shows the following (Official Time in 7:30AM and Time out 4:30 PM )

    DATE DAY TIME IN TIME OUT


    3- Aug Monday 7:30 am 5:30 pm

    4 –Aug Tuesday 7:20 am 6:00 pm

    5 –Aug Wednesday 7:10 am 5:00 pm

    6 – Aug Thursday 7:05 am 4:00 pm

    7 –Aug Friday 7:00 am 11:30 pm


    GROUP ACTIVITY / GROUP 4, 7
    • Using MS Excel , present a graphical representation of the following details
    or particulars of the salary of an employee

    GROSS EARNINGS DEDUCTIONS


    Basic Salary P 10,666.66 Pag-Ibig P 100.00
    Overtime Pay P 6,829.38 PhilHealth P 125.00
    Transport Allowance P 875.00 SSS P 381.50
    Rice Allowance P 750.00 Withholding Tax P 3,844.64
    Total Earnings P 19,121.04 Total Deductions P 4,451.14

    Net Earnings P 14,699.90

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