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All employees with one or more years of service are eligible for a bonus. Pay Grade 1 employees receive $ 3 , 0 0 0

All employees with one or more years of service are eligible for a bonus. Pay Grade 1 employees receive $3,000(cell U2), Pay Grade 2 employees receive $6,000(cell U3), and Pay Grade 3 employees receive $8,000(cell U4)In the Bonus column, use the IFS function to calculate the bonus. For employees in pay grades over 3, there is no bonus .(HINT: the AND function is used in the logical test within the IFS function because you have to test if the years of service >=1 AND each specific pay grade ) In the Salary Increase column, enter IF and OR functions to insert the text "Not Eligible" if the individual's job status is a consultant (CN) or the pay grade is 4. Leave the cell blank if the employee is eligible for a salary increase .( HINT: the logical test for the IF function requires the OR function )

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