The Excel file Payroll Data provides hourly salaries for a group of employees. Create an Excel template that allows the user to select an employee by employee ID, enter the number of regular hours and overtime hours worked, and display a payroll summary with the employee name, gross pay, federal tax, state tax, Social Security, Medicare withholding deductions, and net pay. Assume that the federal tax rate is 11%, the state tax rate is 2.385%, Social Security withholding is 6.2%, and Medicare withholding is 1.45%. Use a form control to select the employee ID.

Here what the excel workbook look like:

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I just don't know where to start on this problem. Any help would be appreicated

Rate Model Parameters Federal Tax State Tax Social Security deduction Medicare deduction 11.00% 2.39% 6.20% 1.457 Model lapets Employee ID Regular Hours Overtime Hours sters Hodel Results and Outputs Nams Regular Pay Overtime Pay Grogo Pay Federal Tax State Tax Social Security deduction Medicare deduction Het Par Overtime Rate $18.00 $15.75 $22.88 $17.25 Model Data Employee ID Name Hourly Rat 1001 John Smit $12.00 1002 Craig Joh $10.50 1003 Jessica M 15.25 1004 Emily Mai $11.50 1005 Tom Wile $12.00 1006 Meliaga E $8.25 1007 Elisabeth $14.60 1008 Jacob D $13.55 1009 Austin An 19.20 1010 Angie Cla $14.65 1011 Alison Les $8.80 1012 Gary Hall $10.20 1013 David Ro $13.65 1014 Lec Collin $12.30 $18.00 $1238 $21.30 $20.33 $13.80 $21.98 $13.20 $15.30 $20.48 $18.45