Question
I need help with this calculation. Locate the shaded Goal Seek Step 14 area in the worksheet (starting in cell A 33). Read through the
I need help with this calculation.
Locate the shaded Goal Seek Step 14 area in the worksheet (starting in cell A 33). Read through the data in rows 34 and 35 to see that Holly has a salary of $1,234.00, the current Fed Tax % is blank, and there is a formula ( =B35 * C35) in cell D35 to calculate the amount of Fed Tax Holly needs to pay when you set the Tax Rate % in cell C35.
Use the goal seeking process to find what the Fed Tax % would be if Holly had to pay $502.00 in Federal Tax.
Correct any spelling or grammar errors (like capitalization) in the worksheet. (All words in the two title lines are spelled correctly.)
Change the name of the worksheet tab to Supplemental Problem (2 points).
Working with the cells in TOTAL SALES BY DEPARTMENT, place the appropriate type of chart, on its own chart sheet that shows the labels and percentages of each departments total sales compared to the 100% total of all for departments sales. Format your table so that information is logical and appropriately proportioned. Name your Chart tab.
LAZOR LECTRONICS STORE SALES | |||||||
Payroll Information - Week 7 | |||||||
Department | Sales Rep | Weekly sales | Base Wages | Commission Wages | Gross Wages | Ferderal Tax | Net Pay |
Stereo | Al | 900 | 300 | ||||
Bill | 1200 | 300 | |||||
Sam | 1100 | 300 | |||||
Joe | 1400 | 300 | |||||
T.V.s | Holly | 900 | 300 | ||||
Sue | 2000 | 300 | |||||
George | 400 | 300 | |||||
Mary | 1000 | 300 | |||||
CamCorders | Josie | 3000 | 300 | ||||
Erika | 200 | 300 | |||||
Amy | 700 | 300 | |||||
Amanda | 900 | 300 | |||||
Compruters | Tim | 1500 | 300 | ||||
JT | 2500 | 300 | |||||
Bob | 975 | 300 | |||||
Dave | 990 | 300 | |||||
Assumptions | |||||||
Commission Rate = | 20% | of all weekly sales greater than $1000 | |||||
Fed Tax Rate= | 28% | ||||||
TOTAL AND AVERAGE SALES BY DEPARTMENT | |||||||
Department | Total | Average | |||||
Stereo | |||||||
T.V.s | |||||||
Camcorder | |||||||
Computers | |||||||
Goal Seek Step 14 | |||||||
Sales Rep | Salary | Fed Tax % | Fed Tax Amount | ||||
Holly | $1,234.00 | $ - |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started