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%