A5:K14 range. Please be sure to use your actual names for the last employee. ...
80.2K
Verified Solution
Question
Accounting
- A5:K14 range. Please be sure to use your actual names for the last employee.
Employee Name No. of Dependents Hourly Wage Hours Worked Regular Pay Overtime Pay Gross Pay Taxable Pay Federal Withholding Tax FICA Net Pay Bobby, Ricky 1 19.5 45 Burgundy, Ron 2 16.50 32.5 Butabi, Steve 2 16.65 28 Crick, Harold 0 18 41 Huff, Brennan 2 14.25 30 Moon, Jackie 3 19 52 Reinhold, Chazz 2 13 27.25 YourLastName, YourFirstName 0 18 48 Totals
- Add the information below to cells A17:B21:
Assumptions Base Work Hours 40 Overtime Rate 1.5 FICA Rate 7.65% Deduction per Dependent $80.80
- Add the information below to cells D17:E22:
Taxable Pay Tax Rate $0 10% $250 12% $600 22% $700 24% $925 32%
Add the information below to cells H17:K20:
-
Summary Statistics # of Hours Gross Pay Net Pay Average Highest Lowest
Employee Name | No. of Dependents | Hourly Wage | Hours Worked | Regular Pay | Overtime Pay | Gross Pay | Taxable Pay | Federal Withholding Tax | FICA | Net Pay |
---|---|---|---|---|---|---|---|---|---|---|
Bobby, Ricky | 1 | 19.5 | 45 | |||||||
Burgundy, Ron | 2 | 16.50 | 32.5 | |||||||
Butabi, Steve | 2 | 16.65 | 28 | |||||||
Crick, Harold | 0 | 18 | 41 | |||||||
Huff, Brennan | 2 | 14.25 | 30 | |||||||
Moon, Jackie | 3 | 19 | 52 | |||||||
Reinhold, Chazz | 2 | 13 | 27.25 | |||||||
YourLastName, YourFirstName | 0 | 18 | 48 | |||||||
Totals |
Assumptions | |
---|---|
Base Work Hours | 40 |
Overtime Rate | 1.5 |
FICA Rate | 7.65% |
Deduction per Dependent | $80.80 |
Taxable Pay | Tax Rate |
---|---|
$0 | 10% |
$250 | 12% |
$600 | 22% |
$700 | 24% |
$925 | 32% Add the information below to cells H17:K20: |
Summary Statistics | # of Hours | Gross Pay | Net Pay |
---|---|---|---|
Average | |||
Highest | |||
Lowest |
Questions:
- Select the ranges C6:C13, E6:K6, and E14:K14. Apply the Accounting Number Format (be sure it includes a $) to these ranges.
- Select the range E7:K13 and apply the Comma Style.
- Select the range E14:K14 again, and apply the Total style from the Styles group.
- At this point, the total Net Pay should be $4054.35. If not, review your formulas to double check that all values are calculated successfully.
- Use appropriate functions and cell ranges in the range I18:K20 to find the average, highest, and lowest values for Hours Worked, Gross Pay, and Net Pay. Format the # of Hours values in this range using the Number format with one decimal place, and the Gross Pay and Net Pay values in this range with the Accounting Number Format with a $ and two decimal places.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.