Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help with all formulas, thank you in advance! 1 Instructions: 2 1. For cell D16 you need to use Vlookup it is based on

image text in transcribedimage text in transcribed

Please help with all formulas, thank you in advance!

1 Instructions: 2 1. For cell D16 you need to use Vlookup it is based on the job title of each employee. (3 columns in the table below) 3 2. Naming a range: the yellow cells in the table below-cells B31:036 should be named "Rate" 4 3. Use the range named Rate in your vlookup D16 and copy the vlookup till cell D23 5 4. Use an IF calculations for over 40 hours, time and half pay in E16. Copy your if down till cell E23 6 5. For column F and G. You should refer to the cell F14 in the formula and G14 as well when you calculate the taxes. Use the fixed refrence-cell address ($F$1 for example) to refer to the 20% and the 7.65% 7 6. Finish all the calculation (hint: Gross-taxes=Net pay). Auto sum for cell e24 till H24 A B D E F H 1 Instructions: 2 1. For cell D16 you need to use Vio 3 2. Naming a range: the yellow cells 4 3. Use the range named Rate in you 5 4. Use an IF calculations for over 4 NET PAY 6 5. For column F and G. You should refer to the cell F14 in the formula and G14 as well when you calculate the taxes. Use the fixed refrence-cell address ($F$1 for example) to refer to the 20% and the 7.65% 7 6. Finish all the calculation hint: Gr 8 9 Lexington Hospital for Special Surgery 10 Payroll Summary 11 For the Week Ending November 16, 2020 12 FED INC 13 EMPLOYEE HOURS HOURLY GROSS TAX WITH 14 NAME JOB TITLE WORKED RATE PAY 0.2 15 0.2 16 Barnes Trainee 15 =VLOOKUP(B16,rate,3,FALSE) =IF(C16~40.((D1640)+((C16-407"D16)72),D16 --E16'$F$15 17 Chen Technician Level 2 35 =VLOOKUP(B17.rate,3,FALSE) =IF(C1740.((D17*40)+(((C17-40)*D17)y2),D17 =-E17"$F$15 18 Clifford Technician Level 1 35 =VLOOKUP(B18.rate.3. FALSE =IF(C18>40.((D18*40)+{{{C18-40)*D18)72).D18 --E18*$F$15 19 Gold Floor Assistant 25 =VLOOKUP(B19, rate,3,FALSE) =IF(C1940.((D19*40)+{{C19-40y"D19)/2).D19 --E19*$F$15 20 Mangano Trainee 15 =VLOOKUP(B20 rate,3,FALSE) =IF(C20~40.((D20-40)+(((C20-40) D20)72), D20 --E20 $F$15 21 Murphy Technician Level 2 50 =VLOOKUP(B21.rate,3,FALSE) =IF(C21>40.((D21*40)+(((C21-40)*D21)2), D21 --E21"$F$15 22 Rashad Laboratory Specialist 40 =VLOOKUP(B22 rate, 3,FALSE) =IF(C2240.((D22-40)+{{{C22-40) D22)2), D22 --E22"$F$15 23 Ruiz Technician Level 1 45 =VLOOKUP(B23,rate,3,FALSE) =1F(C23>40.{{D23-40)+{{(C23-40)*D23)/2),D23 --E23*$F$15 24 Totals 25 26 27 Employee Rate Schedule 28 Hourly 29 Job Title Rate 30 31 Floor Assistant 18 32 Laboratory Specialist 38.5 33 Technician Level 1 22 34 Technician Level 2 31 35 Technician Level 3 40 36 Trainee 11 37 SOC SEC TAX WITH 0.0765 0.0765 --E16*$G$15 --E17"$G$15 --E18*$G$15 --E19"$G$15 --E20-$G$15 --E21"$G$15 --E22*$G$15 --E23"$G$15 =SUME 16:16) =SUME 17:17) ESUME 18:G18) =SUME 19:G19) =SUME20:G20) =SUM(E21:G21) ESUME22:G22) =SUME23:G23)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing With The Computer

Authors: Wayne S. Boutell

1st Edition

0520363329, 978-0520363328

More Books

Students also viewed these Accounting questions

Question

What is A free product or gift?

Answered: 1 week ago