Exp19_Excel_Ch02_ML1_Metropolitan_Zoo_Gift_Shop_Weekly_Payroll
Project Description:
As manager of the gift shop at the Metropolitan Zoo, you are responsible for managing the weekly payroll. Your assistant developed a partial worksheet, but you need to enter the formulas to calculate the regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay. In addition, you want to include total pay columns and calculate some basic statistics. As you construct formulas, make sure you use absolute and relative cell references correctly in formulas.
Steps to Perform:
Step |
Instructions |
Points Possible |
1 |
Start Excel. Download and open the file named Exp19_Excel_Ch02_ML1_Payroll.xlsx. Grader has automatically added your last name to the beginning of the filename. |
0 |
2 |
Use IF functions to calculate the regular pay and overtime pay based on a regular 40-hour workweek in cells E5 and F5. Pay overtime only for overtime hours. In cell G5, calculate the gross pay based on the regular and overtime pay. Abram’s regular pay is $398. With 8 overtime hours, Abram’s overtime pay is $119.40. |
20 |
3 |
Create a formula in cell H5 to calculate the taxable pay. Multiply the number of dependents (column B) by the deduction per dependent (B24) and subtract that from the gross pay. With two dependents, Abram’s taxable pay is $417.40. |
10 |
4 |
Use a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. Use the tax rates from the range D21:E25. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay. |
20 |
5 |
Calculate FICA in cell J5 based on gross pay and the FICA rate (cell B23), and calculate the net pay in cell K5. Copy all formulas down their respective columns to row 16. |
10 |
6 |
With the range E5:K16 selected, use Quick Analysis tools to calculate the total regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay on row 17. |
10 |
7 |
ApplyAccounting Number Format to the range C5:C16. Apply Accounting Number Format to the first row of monetary data and to the total row. Apply the Comma style to the monetary values for the other employees. Underline the last employee’s monetary values and use the Format Cells dialog box to apply the Double Accounting underline for the totals. |
10 |
8 |
Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range I21:K23) of the worksheet. Format the # of hours calculations as Number format with one decimal and the remaining calculations with Accounting number format. |
15 |
9 |
Insert a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of the worksheet. |
5 |
10 |
Save and close the workbook. Submit the file as directed. |
0 |
Total Points |
100 |
Exp19_Excel_Ch02_ML1_Metropolitan_Zoo_Gift_Shop_Weekly_Payroll
Project Description:
As manager of the gift shop at the Metropolitan Zoo, you are responsible for managing the weekly payroll. Your assistant developed a partial worksheet, but you need to enter the formulas to calculate the regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay. In addition, you want to include total pay columns and calculate some basic statistics. As you construct formulas, make sure you use absolute and relative cell references correctly in formulas.
Steps to Perform:
Step |
Instructions |
Points Possible |
1 |
Start Excel. Download and open the file named Exp19_Excel_Ch02_ML1_Payroll.xlsx. Grader has automatically added your last name to the beginning of the filename. |
0 |
2 |
Use IF functions to calculate the regular pay and overtime pay based on a regular 40-hour workweek in cells E5 and F5. Pay overtime only for overtime hours. In cell G5, calculate the gross pay based on the regular and overtime pay. Abram’s regular pay is $398. With 8 overtime hours, Abram’s overtime pay is $119.40. |
20 |
3 |
Create a formula in cell H5 to calculate the taxable pay. Multiply the number of dependents (column B) by the deduction per dependent (B24) and subtract that from the gross pay. With two dependents, Abram’s taxable pay is $417.40. |
10 |
4 |
Use a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. Use the tax rates from the range D21:E25. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay. |
20 |
5 |
Calculate FICA in cell J5 based on gross pay and the FICA rate (cell B23), and calculate the net pay in cell K5. Copy all formulas down their respective columns to row 16. |
10 |
6 |
With the range E5:K16 selected, use Quick Analysis tools to calculate the total regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay on row 17. |
10 |
7 |
ApplyAccounting Number Format to the range C5:C16. Apply Accounting Number Format to the first row of monetary data and to the total row. Apply the Comma style to the monetary values for the other employees. Underline the last employee’s monetary values and use the Format Cells dialog box to apply the Double Accounting underline for the totals. |
10 |
8 |
Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range I21:K23) of the worksheet. Format the # of hours calculations as Number format with one decimal and the remaining calculations with Accounting number format. |
15 |
9 |
Insert a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of the worksheet. |
5 |
10 |
Save and close the workbook. Submit the file as directed. |
0 |
Total Points |
100 |
Exp19_Excel_Ch02_ML1_Metropolitan_Zoo_Gift_Shop_Weekly_Payroll
Project Description:
As manager of the gift shop at the Metropolitan Zoo, you are responsible for managing the weekly payroll. Your assistant developed a partial worksheet, but you need to enter the formulas to calculate the regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay. In addition, you want to include total pay columns and calculate some basic statistics. As you construct formulas, make sure you use absolute and relative cell references correctly in formulas.
Steps to Perform:
Step |
Instructions |
Points Possible |
1 |
Start Excel. Download and open the file named Exp19_Excel_Ch02_ML1_Payroll.xlsx. Grader has automatically added your last name to the beginning of the filename. |
0 |
2 |
Use IF functions to calculate the regular pay and overtime pay based on a regular 40-hour workweek in cells E5 and F5. Pay overtime only for overtime hours. In cell G5, calculate the gross pay based on the regular and overtime pay. Abram’s regular pay is $398. With 8 overtime hours, Abram’s overtime pay is $119.40. |
20 |
3 |
Create a formula in cell H5 to calculate the taxable pay. Multiply the number of dependents (column B) by the deduction per dependent (B24) and subtract that from the gross pay. With two dependents, Abram’s taxable pay is $417.40. |
10 |
4 |
Use a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. Use the tax rates from the range D21:E25. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay. |
20 |
5 |
Calculate FICA in cell J5 based on gross pay and the FICA rate (cell B23), and calculate the net pay in cell K5. Copy all formulas down their respective columns to row 16. |
10 |
6 |
With the range E5:K16 selected, use Quick Analysis tools to calculate the total regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay on row 17. |
10 |
7 |
ApplyAccounting Number Format to the range C5:C16. Apply Accounting Number Format to the first row of monetary data and to the total row. Apply the Comma style to the monetary values for the other employees. Underline the last employee’s monetary values and use the Format Cells dialog box to apply the Double Accounting underline for the totals. |
10 |
8 |
Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range I21:K23) of the worksheet. Format the # of hours calculations as Number format with one decimal and the remaining calculations with Accounting number format. |
15 |
9 |
Insert a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of the worksheet. |
5 |
10 |
Save and close the workbook. Submit the file as directed. |
0 |
Total Points |
100 |
Exp19_Excel_Ch02_ML1_Metropolitan_Zoo_Gift_Shop_Weekly_Payroll
Exp19_Excel_Ch02_ML1_Metropolitan_Zoo_Gift_Shop_Weekly_PayrollExp19_Excel_Ch02_ML1_Metropolitan_Zoo_Gift_Shop_Weekly_Payroll
Project Description:
Project Description:Project Description:
As manager of the gift shop at the Metropolitan Zoo, you are responsible for managing the weekly payroll. Your assistant developed a partial worksheet, but you need to enter the formulas to calculate the regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay. In addition, you want to include total pay columns and calculate some basic statistics. As you construct formulas, make sure you use absolute and relative cell references correctly in formulas.
Steps to Perform:
Steps to Perform:Steps to Perform:
Step |
Instructions |
Points Possible |
1 |
Start Excel. Download and open the file named Exp19_Excel_Ch02_ML1_Payroll.xlsx. Grader has automatically added your last name to the beginning of the filename. |
0 |
2 |
Use IF functions to calculate the regular pay and overtime pay based on a regular 40-hour workweek in cells E5 and F5. Pay overtime only for overtime hours. In cell G5, calculate the gross pay based on the regular and overtime pay. Abram’s regular pay is $398. With 8 overtime hours, Abram’s overtime pay is $119.40. |
20 |
3 |
Create a formula in cell H5 to calculate the taxable pay. Multiply the number of dependents (column B) by the deduction per dependent (B24) and subtract that from the gross pay. With two dependents, Abram’s taxable pay is $417.40. |
10 |
4 |
Use a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. Use the tax rates from the range D21:E25. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay. |
20 |
5 |
Calculate FICA in cell J5 based on gross pay and the FICA rate (cell B23), and calculate the net pay in cell K5. Copy all formulas down their respective columns to row 16. |
10 |
6 |
With the range E5:K16 selected, use Quick Analysis tools to calculate the total regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay on row 17. |
10 |
7 |
ApplyAccounting Number Format to the range C5:C16. Apply Accounting Number Format to the first row of monetary data and to the total row. Apply the Comma style to the monetary values for the other employees. Underline the last employee’s monetary values and use the Format Cells dialog box to apply the Double Accounting underline for the totals. |
10 |
8 |
Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range I21:K23) of the worksheet. Format the # of hours calculations as Number format with one decimal and the remaining calculations with Accounting number format. |
15 |
9 |
Insert a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of the worksheet. |
5 |
10 |
Save and close the workbook. Submit the file as directed. |
0 |
Step
Instructions
Points Possible
Step
Instructions
Points Possible
Step
Step
Step
Instructions
Instructions
Instructions
Points Possible
Points Possible
Points Possible
1
Start Excel. Download and open the file named Exp19_Excel_Ch02_ML1_Payroll.xlsx. Grader has automatically added your last name to the beginning of the filename.
0
2
Use IF functions to calculate the regular pay and overtime pay based on a regular 40-hour workweek in cells E5 and F5. Pay overtime only for overtime hours. In cell G5, calculate the gross pay based on the regular and overtime pay. Abram’s regular pay is $398. With 8 overtime hours, Abram’s overtime pay is $119.40.
Hint: For the Regular Pay Function =IF(Hours Worked<=Base Hours Worked, Hours Worked, Base Hours Worked)*Hourly Wage.
For the Overtime Pay Function =IF(Hours Worked>Base Hours Worked, (Hours Worked-Base Hours Worked)*(Hourly Wage*Overtime Rate), 0).
20
3
Create a formula in cell H5 to calculate the taxable pay. Multiply the number of dependents (column B) by the deduction per dependent (B24) and subtract that from the gross pay. With two dependents, Abram’s taxable pay is $417.40.
10
4
Use a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. Use the tax rates from the range D21:E25. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay.
20
5
Calculate FICA in cell J5 based on gross pay and the FICA rate (cell B23), and calculate the net pay in cell K5. Copy all formulas down their respective columns to row 16.
10
6
With the range E5:K16 selected, use Quick Analysis tools to calculate the total regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay on row 17.
10
7
ApplyAccounting Number Format to the range C5:C16. Apply Accounting Number Format to the first row of monetary data and to the total row. Apply the Comma style to the monetary values for the other employees. Underline the last employee’s monetary values and use the Format Cells dialog box to apply the Double Accounting underline for the totals.
10
8
Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range I21:K23) of the worksheet. Format the # of hours calculations as Number format with one decimal and the remaining calculations with Accounting number format.
15
9
Insert a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of the worksheet.
5
10
Save and close the workbook. Submit the file as directed.
0
1
Start Excel. Download and open the file named Exp19_Excel_Ch02_ML1_Payroll.xlsx. Grader has automatically added your last name to the beginning of the filename.
0
1
1
Start Excel. Download and open the file named Exp19_Excel_Ch02_ML1_Payroll.xlsx. Grader has automatically added your last name to the beginning of the filename.
Start Excel. Download and open the file named Exp19_Excel_Ch02_ML1_Payroll.xlsx. Grader has automatically added your last name to the beginning of the filename.
Exp19_Excel_Ch02_ML1_Payroll.xlsx
0
0
2
Use IF functions to calculate the regular pay and overtime pay based on a regular 40-hour workweek in cells E5 and F5. Pay overtime only for overtime hours. In cell G5, calculate the gross pay based on the regular and overtime pay. Abram’s regular pay is $398. With 8 overtime hours, Abram’s overtime pay is $119.40.
Hint: For the Regular Pay Function =IF(Hours Worked<=Base Hours Worked, Hours Worked, Base Hours Worked)*Hourly Wage.
For the Overtime Pay Function =IF(Hours Worked>Base Hours Worked, (Hours Worked-Base Hours Worked)*(Hourly Wage*Overtime Rate), 0).
20
2
2
Use IF functions to calculate the regular pay and overtime pay based on a regular 40-hour workweek in cells E5 and F5. Pay overtime only for overtime hours. In cell G5, calculate the gross pay based on the regular and overtime pay. Abram’s regular pay is $398. With 8 overtime hours, Abram’s overtime pay is $119.40.
Hint: For the Regular Pay Function =IF(Hours Worked<=Base Hours Worked, Hours Worked, Base Hours Worked)*Hourly Wage.
For the Overtime Pay Function =IF(Hours Worked>Base Hours Worked, (Hours Worked-Base Hours Worked)*(Hourly Wage*Overtime Rate), 0).
Use IF functions to calculate the regular pay and overtime pay based on a regular 40-hour workweek in cells E5 and F5. Pay overtime only for overtime hours. In cell G5, calculate the gross pay based on the regular and overtime pay. Abram’s regular pay is $398. With 8 overtime hours, Abram’s overtime pay is $119.40.
Hint: For the Regular Pay Function =IF(Hours Worked<=Base Hours Worked, Hours Worked, Base Hours Worked)*Hourly Wage.
For the Overtime Pay Function =IF(Hours Worked>Base Hours Worked, (Hours Worked-Base Hours Worked)*(Hourly Wage*Overtime Rate), 0).
20
20
3
Create a formula in cell H5 to calculate the taxable pay. Multiply the number of dependents (column B) by the deduction per dependent (B24) and subtract that from the gross pay. With two dependents, Abram’s taxable pay is $417.40.
10
3
3
Create a formula in cell H5 to calculate the taxable pay. Multiply the number of dependents (column B) by the deduction per dependent (B24) and subtract that from the gross pay. With two dependents, Abram’s taxable pay is $417.40.
Create a formula in cell H5 to calculate the taxable pay. Multiply the number of dependents (column B) by the deduction per dependent (B24) and subtract that from the gross pay. With two dependents, Abram’s taxable pay is $417.40.
10
10
4
Use a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. Use the tax rates from the range D21:E25. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay.
20
4
4
Use a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. Use the tax rates from the range D21:E25. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay.
Use a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. Use the tax rates from the range D21:E25. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay.
20
20
5
Calculate FICA in cell J5 based on gross pay and the FICA rate (cell B23), and calculate the net pay in cell K5. Copy all formulas down their respective columns to row 16.
10
5
5
Calculate FICA in cell J5 based on gross pay and the FICA rate (cell B23), and calculate the net pay in cell K5. Copy all formulas down their respective columns to row 16.
Calculate FICA in cell J5 based on gross pay and the FICA rate (cell B23), and calculate the net pay in cell K5. Copy all formulas down their respective columns to row 16.
10
10
6
With the range E5:K16 selected, use Quick Analysis tools to calculate the total regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay on row 17.
10
6
6
With the range E5:K16 selected, use Quick Analysis tools to calculate the total regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay on row 17.
With the range E5:K16 selected, use Quick Analysis tools to calculate the total regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay on row 17.
10
10
7
ApplyAccounting Number Format to the range C5:C16. Apply Accounting Number Format to the first row of monetary data and to the total row. Apply the Comma style to the monetary values for the other employees. Underline the last employee’s monetary values and use the Format Cells dialog box to apply the Double Accounting underline for the totals.
10
7
7
ApplyAccounting Number Format to the range C5:C16. Apply Accounting Number Format to the first row of monetary data and to the total row. Apply the Comma style to the monetary values for the other employees. Underline the last employee’s monetary values and use the Format Cells dialog box to apply the Double Accounting underline for the totals.
ApplyAccounting Number Format to the range C5:C16. Apply Accounting Number Format to the first row of monetary data and to the total row. Apply the Comma style to the monetary values for the other employees. Underline the last employee’s monetary values and use the Format Cells dialog box to apply the Double Accounting underline for the totals.
10
10
8
Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range I21:K23) of the worksheet. Format the # of hours calculations as Number format with one decimal and the remaining calculations with Accounting number format.
15
8
8
Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range I21:K23) of the worksheet. Format the # of hours calculations as Number format with one decimal and the remaining calculations with Accounting number format.
Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range I21:K23) of the worksheet. Format the # of hours calculations as Number format with one decimal and the remaining calculations with Accounting number format.
15
15
9
Insert a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of the worksheet.
5
9
9
Insert a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of the worksheet.
Insert a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of the worksheet.
5
5
10
Save and close the workbook. Submit the file as directed.
0
10
10
Save and close the workbook. Submit the file as directed.
Save and close the workbook. Submit the file as directed.
0
0
Total Points |
100 |
Total Points
100
Total Points
100
Total Points
Total Points
Total Points
100
100
100