PAYX: Income Statement for PAYCHEX INC

PERIOD ENDING		31-May-08	29-Feb-08	30-Nov-07	31-Aug-07
Total Revenue		519,228	532,172	507,793	507,130
Cost of Revenue		167,973	170,995	162,452	159,315

Gross Profit		351,255	361,177	345,341	347,815

	Operating Expenses
	Research Development	-	-	-	-
	Selling General and Administrative	153,451	150,778	135,865	137,227
	Non Recurring	-	-	-	-
	Others	-	-	-	-

	Total Operating Expenses	-	-	-	-


Operating Income or Loss		197,804	210,399	209,476	210,588

	Income from Continuing Operations
	Total Other Income/Expenses Net	3,211	3,597	7,503	12,237
	Earnings Before Interest And Taxes	201,015	213,996	216,979	222,825
	Interest Expense	-	-	-	-
	Income Before Tax	201,015	213,996	216,979	222,825
	Income Tax Expense	65,531	71,522	69,867	71,750
	Minority Interest	-	-	-	-

	Net Income From Continuing Ops	135,484	142,474	147,112	151,075

	Non-recurring Events
	Discontinued Operations	-	-	-	-
	Extraordinary Items	-	-	-	-
	Effect Of Accounting Changes	-	-	-	-
	Other Items	-	-	-	-


Net Income		135,484	142,474	147,112	151,075
Preferred Stock And Other Adjustments		-	-	-	-

Net Income Applicable To Common Shares		$135,484	$142,474	$147,112	$151,075

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