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7 Magnificent Employee Payroll Calculator

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root. Spreadsheet Templates. March 04th , 2021.

Major redesign from version 1.1.8 to 2.2.9. The new version is compatible with the W-4 form from 2020 onwards and W-4's before 2020. Free and Pro versions include new 2021 Federal Tax Tables and State Tax Tables (where applicable). All versions also include the new Social Security Tax Caps. All pro versions include new reporting features for creating periodic IRS Reports and Employee Tax Summary Reports for individual employees. The free version includes a preview of these reports (without the functionality). The new Beta Payroll Calculator, available as a bonus download provides a degree of automation. This version is currently available as general, but with time we will add State-specific versions.

Are you looking for an Excel Payroll Calculator that will help to calculate the payroll for your organization in-line with the Federal Tax Rules?

This Payroll Calculator template helps youcalculateg andmaintaing the records of pay and deductions for each employee. You can keep a confidential employee register where you can record employee information like name, address, date of joining, annual salary, federal allowances, pre-tax holdings, post-tax deductions, and many more details. For calculating the payroll of an employee, you will need additional information like:

This template contains five worksheets that perform various functions. The first worksheet is the employee register that stores detailed information about each employee. The payroll calculator worksheet helps you with calculating the employee payroll based upon regular hours, the sick leave hours, and vacation hours along with the overtime hours. The third worksheet helps to generate pay stubs for each of your employees. The fourth worksheet is the YTD payroll information, which holds the historical data that you transfer after every payroll round and the fifth worksheet includes the Federal Tax tables.

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Begin by downloading the template and setting up your employee register. This template provides five set of spreadsheets to calculate the payroll of employees in your organization. The employee register is a highly confidential worksheet that stores detailed information of every employee like the personal information of each employee their salaries any other benefits that company offers them and so forth.

Once the detailed information of each employee is entered into the employee register you can now automatically calculate the payrolls using the Payroll Calculator. We need to enter the regular hours, sick hours, overtime hours and any other hours that the employee has availed. Also the template needs the rate of the overtime hour in order to calculate the payroll. The sheet has a set of pre-defined calculation formulas that calculate the Net Pay of each employee. Once the Net Pay has been calculated the Pay Stubs spreadsheet helps to generate Pay stubs of each employee these pay stubs can be sent to every employee; this helps them in understanding the breakup of the pay-out. The Pay stub shows the detailed YTD regular hours, sick hours, etc. It also shows the Gross pay and the YTD pay. The sheet also provides a graphical view of the data that helps in understanding the payroll, easily.



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The YTD worksheet records a summary of payrolls dispersed to each employee from the beginning of the year till date. You can enter the information here, manually. We have kept it manual to avoid any complexity. This calculator is suitable for small and midsize companies. Then there is the Federal Tax Tables spreadsheet that provides the details of the IRS Publications that specifies the rules and rates for percentage method tables for withhold amount for an annual payroll period for single person or a married person. The Federal Tax Tables are subject to annual renewal and the links to publication are available within the template. This payroll calculator is best suited to track and calculate the payroll of every employee easily and efficiently.

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