Question
How would you make an assumption table in Excel with absolute cell references? Details: Make an ASSUMPTION TABLE which will include items directly below. Your
How would you make an assumption table in Excel with absolute cell references?
Details:
Make an ASSUMPTION TABLE which will include items directly below. Your choice on whether your assumption table is located above the data or below the data. a. Social Security Tax Rate is 7.65% with a Maximum YTD Social Security is $3,208.53 and no employee should pay more than this YTD including this weeks pay. b. Medicare Tax Rate is 1.45%. c. State Tax Rate is 4.28%. d. Allowance Per Dependent is $20.09. e. Federal Tax Rate is 21%. f. You should use ABSOLUTE CELL REFERENCES to reference your Social Security Tax Rate, the Maximum Social Security figure, the Medicare Tax Rate, the State Tax Rate, the Allowance Per Dependent, and the Federal Tax Rate.
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