- abs X2 X Paragraph Font Project Description: As manager of the gift shop at the Metropolitan Zoo, you are responsble for managing the weekty 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 indude total pay columns and calculate cell references correctly in formulas some basic statistics. As you construct formulas, make sure you use absolute and relative For the purpose of grading the project you are required to perform the following tasks: Points step 0.000 1 Open the downloaded file exploring e02 grader hx 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 20.000 gross pay based on the regular and overtime pay. Abram's regular pay is $398. With 8 Create a formula in cell H5 to calculate the taxable pay. Mutiply the number of dependents (column B) by the deduction per dependent (824) and subtract that from the gross pay. With two dependents, Abram's taxable pay is $417.40. 10.000 3 Use a VOOKUP 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. 20.000 Calculate FICA in cell 15 based on gross pay and the FICA rate (cell B23), and cakculate the net pay in cell K5. Copy all formulas down their respective columns to row 16. 10.000 With the range ES:K16 selected, use Quick Analysis tools to calculate the total regular pay overtime pav, gross pay, taxable pav, withholding tax, FICA, and net pay on row 17, 10.000 Note, Mac users, with the range selected, on the Home tab, in the Edting group, dick Apply Accounting Number Format to the range CS.C16.Apply Accounting Number Format to the first row of monetary data and to the total row. Aoply the Comma stvle to the monetary values for the other employees. Underline the last employee's monetary values and use the Format Cells dialog box to apply Top and Double Bottom border for the totals Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range 121:K23) of the worksheet. Format the # of hours calculations as General number format with one decimal and the remaining calculations with Accounting number format. 10.000 15.000 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. 5.000 9 Test Presentation. Go Sahel exploring e02 EX16XLCHO2GRA - abs X2 X Paragraph Font Project Description: As manager of the gift shop at the Metropolitan Zoo, you are responsble for managing the weekty 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 indude total pay columns and calculate cell references correctly in formulas some basic statistics. As you construct formulas, make sure you use absolute and relative For the purpose of grading the project you are required to perform the following tasks: Points step 0.000 1 Open the downloaded file exploring e02 grader hx 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 20.000 gross pay based on the regular and overtime pay. Abram's regular pay is $398. With 8 Create a formula in cell H5 to calculate the taxable pay. Mutiply the number of dependents (column B) by the deduction per dependent (824) and subtract that from the gross pay. With two dependents, Abram's taxable pay is $417.40. 10.000 3 Use a VOOKUP 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. 20.000 Calculate FICA in cell 15 based on gross pay and the FICA rate (cell B23), and cakculate the net pay in cell K5. Copy all formulas down their respective columns to row 16. 10.000 With the range ES:K16 selected, use Quick Analysis tools to calculate the total regular pay overtime pav, gross pay, taxable pav, withholding tax, FICA, and net pay on row 17, 10.000 Note, Mac users, with the range selected, on the Home tab, in the Edting group, dick Apply Accounting Number Format to the range CS.C16.Apply Accounting Number Format to the first row of monetary data and to the total row. Aoply the Comma stvle to the monetary values for the other employees. Underline the last employee's monetary values and use the Format Cells dialog box to apply Top and Double Bottom border for the totals Insert appropriate functions to calculate the average, highest, and lowest values in the Summary Statistics area (the range 121:K23) of the worksheet. Format the # of hours calculations as General number format with one decimal and the remaining calculations with Accounting number format. 10.000 15.000 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. 5.000 9 Test Presentation. Go Sahel exploring e02 EX16XLCHO2GRA