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  • Practice Exercise 4

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    Lic. Órtesis y Prótesis
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    Here are the steps to complete the payroll: 1. In the Bonus column, use a formula to add $150 to each employee's Base Salary. 2. In the Gross Pay column, use a formula to add the Base Salary and Bonus columns. 3. In the Tax column, use a formula to calculate 25% of the Gross Pay. 4. In the Net Pay column, use a formula to subtract the Tax from the Gross Pay. 5. In the Totals row, use formulas to sum each column. Let me know if any of the formulas need explanation or help!

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    Here are the steps to complete the payroll: 1. In the Bonus column, use a formula to add $150 to each employee's Base Salary. 2. In the Gross Pay column, use a formula to add the Base Salary and Bonus columns. 3. In the Tax column, use a formula to calculate 25% of the Gross Pay. 4. In the Net Pay column, use a formula to subtract the Tax from the Gross Pay. 5. In the Totals row, use formulas to sum each column. Let me know if any of the formulas need explanation or help!

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    10 views4 pages

    Practice Exercise 4

    Uploaded by

    Lic. Órtesis y Prótesis
    Here are the steps to complete the payroll: 1. In the Bonus column, use a formula to add $150 to each employee's Base Salary. 2. In the Gross Pay column, use a formula to add the Base Salary and Bonus columns. 3. In the Tax column, use a formula to calculate 25% of the Gross Pay. 4. In the Net Pay column, use a formula to subtract the Tax from the Gross Pay. 5. In the Totals row, use formulas to sum each column. Let me know if any of the formulas need explanation or help!

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    Excel Skills for Business: Essentia

    Week 2: Performing Calculations

    Practice Challenge 3

    Week 2: Learning Objectives

    Explain the syntax of basic formulas and functions


    Use formulas and functions to perform simple
    calculations
    Describe the difference between relative and absolute
    cell references

    Instructions

    In this challenge, you are in charge of finalizing the payroll for a business. Follow the instructions closely.
    Can you figure out the formulas to complete their quote?
    Excel Skills for Business: Essentials
    Week 2: Performing Calculations

    Practice Challenge 3
    Weekly Payroll

    Department: Communications

    First Name Last Name Hours Rate Base Salary


    Ben Wyman 43 $35.60 $1,530.80
    Rajesh Singh 35 $32.10 $1,123.50
    Celeste Barnard 28 $12.50 $350.00
    Yi Chang 15.5 $32.40 $502.20

    Totals 121.5 $112.60 $3,506.50

    (CELL WILL CHANGE COLOUR IF FORMULA IS CORREC


    Bonus Gross Pay Tax Net Pay
    $150.00 $1,680.80 $430.87 $1,249.93
    $150.00 $1,273.50 $322.56 $950.94
    $150.00 $500.00 $89.55 $410.45
    $150.00 $652.20 $232.45 $419.75

    $600.00 $4,106.50 $1,075.43 $3,031.07

    IS CORRECT)

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