Please show in excel, Thank You! Set the Freeze Panes command on the Payroll Details...
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Please show in excel, Thank You!
Set the Freeze Panes command on the Payroll Details worksheet so that Rows 1 and 2 and Columns A and B are locked in place while scrolling through the worksheet.
Enter an IF function in cell G3 on the Payroll Details worksheet to calculate the Social Security tax. Social Security funds are used by the government to provide income for people who are retired, a beneficiary of a retiree, or disabled. An employer must withhold 4.2% of an employees weekly pay for Social Security. However, an employee is only taxed up to $100,000. The logical test of the IF function should assess if the value in the Pay Year to Date column is greater than or equal to 100000. If the logical test is true, the output of the function should be zero. Otherwise, the function should multiply the value in the Gross Pay This Week by 4.2%. Copy and paste the function into the range G4:G22.
Enter a formula in cell H3 on the Payroll Details worksheet that calculates the Medicare Tax. Medicare funds are used by the government to provide medical financial support to senior citizens. Your formula should multiply the Gross Pay This Week by 1.45%. Copy and paste this formula into the range H4:H22.
Enter a formula in cell I3 on the Payroll Details worksheet that calculates the total FICA tax (FICA stands for Federal Insurance Contributions Act). Your formula should add the Social Security Tax to the Medicare Tax. Copy and paste this formula into the range I4:I22.
Enter an IF function in cell J3 on the Payroll Details worksheet to calculate the Federal Tax. If the Gross Pay This Week is less than or equal to 1150, then the tax is calculated by multiplying the Gross Pay This Week by 20%. Otherwise, this tax is calculated by multiplying the Gross Pay This Week by 25%. Copy and paste the IF function into the range J4:J22.
If an employee has been working with the medical group for 1 or more years, the company will match 50% of the employees 401(k) retirement contributions. Calculate the companys 401(k) retirement contributions by entering an IF function in cell L3 on the Payroll Details worksheet. If the Years of Service is greater than or equal to 1, multiply the 401K Retirement value by 50%. Otherwise, the output of the function should be zero. Copy and paste the IF function into the range L4:L22.
The medical group offers its employees an additional retirement benefit based on the employees position and years of service. Employees who are with the practice 3 or more years will receive an additional contribution to their retirement account. Calculate this benefit by entering an IF function in cell M3 on the Payroll Details worksheet. If an employee is a physician and has been working in the medical group for 3 or more years, the function should multiply the Gross Pay This Week by 8%. For all other employees who have been working at the medical group for 3 or more years, the function should multiply the Gross Pay This Week by 5%. Copy and paste the function into the range M4:M22.
Enter a formula into cell N3 on the Payroll Details worksheet that calculates the Total Retirement Benefits. Your formula should add the 401K Company Match value to the Retirement Benefit value. Copy and paste the formula into the range N4:N22.
Enter a formula into cell O3 on the Payroll Details worksheet that calculates the Net Payment for each employee. Your formula should subtract the values in the range I3:K3 from the Gross Pay This Week in cell F3. The range I3:K3 includes the following: Total FICA (cell I3), Federal Tax (cell J3), and 401K Retirement (cell K3). Copy and paste this formula into the range O4:O22.
Enter a COUNTIF function into cell B3 on the Payroll Summary worksheet. The function should count the number of employees in the range A3:A22 on the Payroll Details worksheet for each Practice listed in Column A on the Payroll Summary worksheet. Copy and paste the function into the range B4:B7.
Enter an AVERAGEIF function into cell C3 on the Payroll Summary worksheet. The function should calculate the average Years of Service in the range D3:D22 on the Payroll Details worksheet for each Practice listed in Column A on the Payroll Summary worksheet. Copy and paste the function into the range C4:C7.
Enter a SUMIF function into cell D3 on the Payroll Summary worksheet. The function should sum the Total FICA tax in the range I3:I22 on the Payroll Details worksheet for each Practice listed in Column A on the Payroll Summary worksheet. However, the government requires that employers match the FICA tax that is withheld from employees paychecks. Therefore, multiply the result of this SUMIF function by 2. Copy and paste the function into the range D4:D7.
Enter a SUMIF function into cell E3 on the Payroll Summary worksheet. The function should sum the Federal Tax withholdings in the range J3:J22 on the Payroll Details worksheet for each Practice listed in Column A on the Payroll Summary worksheet. Copy and paste the function into the range E4:E7.
Enter a SUMIF function into cell F3 on the Payroll Summary worksheet. The function should sum the Net Payments in the range O3:O22 on the Payroll Details worksheet for each Practice listed in Column A on the Payroll Summary worksheet. Copy and paste the function into the range F4:F7.
Enter a SUMIF function into cell G3 on the Payroll Summary worksheet. The function should sum the Total Retirement Benefits in the range N3:N22 on the Payroll Details worksheet for each Practice listed in Column A on the Payroll Summary worksheet. Copy and paste the function into the range G4:G7.
Enter a SUM function in cell B8 on the Payroll Summary worksheet that sums the values in the range B3:B7. Copy and paste this SUM function into the range D8:G8. Then format the range D8:G8 to the Accounting number format.
Little Hills Medical Group Payroll Detail
Employee Last Name, First Name
Position
Practice
Years of Service
Pay Year to Date
Gross Pay This Week
Social Security Tax
Medicare Tax
Total FICA
Federal Tax
401K Retirment
401 K Company Match
Retirement Benefit
Total Retirement Benefits
Net Payment
Rollet, Heather
PA
Orthopedics
0.1
$ 20,400
$ 600
$ 18.00
Lake, Connie
PA
Obstetrics
0.2
$ 22,950
$ 675
$ 27.00
Antoine, Gerry
PA
Adult Internal Med
0.5
$ 24,820
$ 730
$ 36.50
Kade, Michael
PA
Pediatrics
0.8
$ 29,410
$ 865
$ 51.90
Long, Shari
Physician
Adult Internal Med
1
$ 78,200
$ 2,300
$ 207.00
James, Don
Physician
Orthopedics
2
$ 71,910
$ 2,115
$ 190.35
Patel, Sanjev
Physician
Adult Internal Med
4
$ 91,800
$ 2,700
$ 216.00
Washington, Janet
Physician
Pediatrics
4
$ 62,050
$ 1,825
$ 127.75
Shin, Burt
Physician
Obstetrics
6
$ 104,550
$ 3,075
$ 317.00
Kumar, Denise
Physician
Obstetrics
7
$ 115,600
$ 3,400
$ 317.00
Xu, Weimin
Physician
Orthopedics
8
$ 118,150
$ 3,475
$ 317.00
Dixey, Bernard
Physician
Orthopedics
10
$ 137,190
$ 4,035
$ 317.00
Blane, John
Physician
Pediatrics
16
$ 147,050
$ 4,325
$ 317.00
Li, Wei
Staff
Group
0.7
$ 19,550
$ 575
$ 23.00
Blanch, Maurice
Staff
Adult Internal Med
1
$ 19,618
$ 577
$ 34.62
Wan, Stanley
Staff
Pediatrics
1
$ 29,410
$ 865
$ 43.25
Harlen, Lori
Staff
Group
2
$ 22,950
$ 675
$ 33.75
Hothe, Peggy
Staff
Obstetrics
4
$ 26,180
$ 770
$ 30.80
Michaels, Angela
Staff
Group
6
$ 36,040
$ 1,060
$ 31.80
Daniels, Max
Staff
Orthopedics
9
$ 39,270
$ 1,155
$ 69.30
Little Hills Medical Group Payroll Summary
Practice
Number of Employees
Average Years of Service
Total FICA
Federal Tax Withheld
Net Salary Payments
Retirement Benefit Payments
Pediatrics
Adult Internal Med
Obstetrics
Orthopedics
Group
Total
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