Payroll - Monroe 770 Operating Instructions Manual

HALF-CENT ROUNDOFF
Instructions
Much of the work done on a calculator involves
dollars and cents. Results which represent dol-
lars and cents are usually rounded off to the
nearest whole cent: i.e., 1.726 is rounded to
$1.73; 1.723 is rounded to $1.72.
With the Monroe 770 the operator has the abil-
ity to automatically round off these results and
eliminate any digits to the right of the cents
column.
Example
3.5
items @
$1.75 =.$ 6.13
12.3
items @
.98 = 12.05
$18.18
,
Depress
-II-
Set 3.5 Depress
x
Set 1.75 Depress
=
Read 6.125 Result in display
Depress ~
Read 6.13 First extension in display
Depress
'Ii
Set 12.3 Depress
x
Set .98 Depress
=
Read 12.054 Result in display
Depress
~
Read 12.05' Second extension in display
Depress
'Ii
Depress
-II-
Read 18.18 Total in display
PAYROLL
Instructions
Example
An employee worked 44 hours at an hourly rate
of
$2.25.
Figure the
40
hours at the regular rate
and 4 hours at time and a half. Then make de-
ductions: Withholding tax
$11.61,
FICA
$3.23,
State unemployment
$.78.
40 X 2.25 = $ 90.00
6
X
2.25 = 13.50
103.50
-11.61
- 3.23
- .78
$ 87.88
Depress
-II-
Set 2.25.......Depress M
' " Depress
X
Set 40 Depress
=
Read 90.00 Amount of regular pay in display
Depress
'Ii
Depress
~
Depress
x
Set 6 Depress
=
Read 13.50 Amount of overtime pay in display
Depress
' I i
Depress
~
Read 103.50 Gross pay in display
Set
q.61..
Depress
ii
Set 3.23 Depress
ii
Set • 78
Depr~ss ii
Dep~es~!c~
-,~"f
Read 87.l3'8 Net pay in <:iisplay
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.
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