Excel Instructions using Excel 2010:

1. Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer.
2. A formula begins with an euals sign (!) and can consist of any of the following elements"
#perators such as $ (for addition)% & (for subtraction)% * (for multiplication)% and / (for di'ision).
(ell references% including cell addresses such as )*2% as well as named cells and ranges
+alues and te,t
-orksheet functions (such as ./0)
1. 2ou can enter a formula into a cell manually (typing it in) or by pointing to the cells.
3o enter a formula manually% follow these steps"
0o'e the cell pointer to the cell that you want to hold the formula.
3ype an euals sign (!) to signal the fact that the cell contains a formula.
3ype the formula% then press Enter.
14.5* , 1.*!25.64*. 3he template will display and hold 25.67% not 25.64*. 3here is no need to use E,cel8s rounding function.
EXCEPTION: Continuing Payroll Problems A & : C!APTE" 2
#$en calculating o%er&time rate 'or (ee)ly salary* roun+ regular rate to T#O +ecimals E,O"E calculating o%ertime rate-
"oun+ing can be accom.lis$e+ by using Number 'unction /using arro(s0 on Excel !ome menu or by entering t$e 'ormula
1/"oun+/#ee)ly230*20041-5 /($ere 6#ee)ly6 entere+ as eit$er t$e (ee)ly .ay or cell re'erence-0
,ailure to use t$e "O7N8 'unction (ill cause t$e OT rate to be incorrect-
*. 9emember to sa'e your work. -hen sa'ing your workbook% E,cel o'erwrites the pre'ious copy of your :le. 2ou can sa'e your work at any time.
2ou can sa'e the :le to the current name% or you may want to keep multiple 'ersions of your work by sa'ing each successi'e 'ersion under a di;erent name.
3o sa'e to the current name% you can select <ile% .a'e from the menu bar or click on the disk icon in the standard toolbar.
=t is recommended that you sa'e the :le to a new name that identi:es the :le as yours% such as (>>?A?2our?@ame.,ls,
3o sa'e under a di;erent name% follow these steps"
.elect <ile% .a'e As to display the .a'e As 3ype drop&bo,% chose E,cel -orkbook (*.,ls,)
.elect the folder in which to store the workbook.
Enter the new :lename in the <ile name bo,.
6. "oun+ing" 3hese templates ha'e been formatted to round numbers to either the nearest whole number or the nearest cent. <or e,ample%
(lick .a'e.
1. Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer.
14.5* , 1.*!25.64*. 3he template will display and hold 25.67% not 25.64*. 3here is no need to use E,cel8s rounding function.
#$en calculating o%er&time rate 'or (ee)ly salary* roun+ regular rate to T#O +ecimals E,O"E calculating o%ertime rate-
"oun+ing can be accom.lis$e+ by using Number 'unction /using arro(s0 on Excel !ome menu or by entering t$e 'ormula
1/"oun+/#ee)ly230*20041-5 /($ere 6#ee)ly6 entere+ as eit$er t$e (ee)ly .ay or cell re'erence-0
*. 9emember to sa'e your work. -hen sa'ing your workbook% E,cel o'erwrites the pre'ious copy of your :le. 2ou can sa'e your work at any time.
2ou can sa'e the :le to the current name% or you may want to keep multiple 'ersions of your work by sa'ing each successi'e 'ersion under a di;erent name.
3o sa'e to the current name% you can select <ile% .a'e from the menu bar or click on the disk icon in the standard toolbar.
=t is recommended that you sa'e the :le to a new name that identi:es the :le as yours% such as (>>?A?2our?@ame.,ls,
" 3hese templates ha'e been formatted to round numbers to either the nearest whole number or the nearest cent. <or e,ample%
Name: William Salisbury
Caution: See "round" rules in Excel Instructions before calculating OT for salaried employees.
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer.
Continuing Payroll Problem!
"IP#E$ CO%P!N$& INC.
A!"#$$ "E%&S'E"
(#" E"&#) E*)&*% +anuary ,- ./ 0 0
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66 4arson- (ran 3. S 6 7/ 89.:/ ;//.// ;//.// 6,.</ 7.;:
6. Wilson- William A. S / 7/ 89..: .=/.// , 86/.,, ,9./7 ;99./7 .;.;, :.79
6; 1tley- 5arry '. 3 . ;9.: 8,.6/ ;/;.9: ;/;.9: 6,.,; 7.7/
.6 (ife- $awrence ". 3 7 7/ 89.=/ ;6<.// < 866.,: 96.6/ ;,9.6/ .7.// :.<6
.. Smith- $ucy >. S . 7/ 8=.9: ;=/.// ;=/.// .7.6, :.<<
;6 (ay- %retchen ". 3 ; 7/ :6:.// 6..: 86=.;. .7.6: :;=.6: ;;.7; 9.,.
;. "obey- %lenda ?. 3 < 7/ ;=..;6 ;=..;6 .7.;. :.<=
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Employees (&' ayable 6:..//
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Employees S1'A ayable ;..;
Employees 4&' ayable 6;,.=<
S&3$E )eductions ayable 77/.//
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5ealth &nsurance remiums 4ollected 6<.:/
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(&4A 'a@es ayable 0 5& <9.69
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"IP#E$ CO%P!N$& INC.
A!"#$$ "E%&S'E"
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A!"#$$ "E%&S'E"
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