Q:

Do a payroll accuracy calculation with the information provided below: o Total Number of Payroll entries = 7,506 o Payroll Accurate entries = 7,430 o Payroll Incorrect entries = 41 o Payroll entries not processed = 35

Accepted Solution

A:
Okay, here are the steps to calculate the payroll accuracy percentage: - Total Number of Payroll entries = 7,506 - Payroll Accurate entries = 7,430 - Payroll Incorrect entries = 41 - Payroll entries not processed = 35 - To calculate accuracy, we take the number of accurate entries and divide by the total number of entries: - Payroll Accurate entries = 7,430 - Total Number of Payroll entries = 7,506 - Payroll Accuracy = (Payroll Accurate entries / Total Number of Payroll entries) * 100 - Plugging in the values: - Payroll Accuracy = (7,430 / 7,506) * 100 - Payroll Accuracy = 99.05% - So the payroll accuracy percentage based on the information provided is 99.05% Therefore, the payroll accuracy calculation with the given information is 99.05%