Payroll and Payroll Calculation

There is an Excel file that teaches how to perform the Payroll and Payroll Calculation operation.

Excel Template for Payroll and Payroll Calculation

Net, gross, and deductions are modeled as separate components. Hours in the timesheet are linked to wages. Social Security and tax parameters are treated as variables. Formulas are sensitive to rate changes. Employee-based results are listed. Period totals are summarized in the control area.

Hope it is useful.