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Assignment # 2 Formula Explanation

The document provides instructions for completing an assignment in MS Excel involving creating a payroll worksheet. Students are asked to: 1. Open a new workbook and save it as "Payroll". 2. Enter labels and values for employee information including name, hourly rate, hours worked, gross pay, social security tax, and net pay. 3. Use functions like SUM to automatically calculate totals for gross pay, social security tax, and net pay based on hourly rate and hours worked. The assignment aims to teach students how to format and calculate values in an Excel worksheet to create a payroll table with formulas.

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4K views

Assignment # 2 Formula Explanation

The document provides instructions for completing an assignment in MS Excel involving creating a payroll worksheet. Students are asked to: 1. Open a new workbook and save it as "Payroll". 2. Enter labels and values for employee information including name, hourly rate, hours worked, gross pay, social security tax, and net pay. 3. Use functions like SUM to automatically calculate totals for gross pay, social security tax, and net pay based on hourly rate and hours worked. The assignment aims to teach students how to format and calculate values in an Excel worksheet to create a payroll table with formulas.

Uploaded by

wahabimpex
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Subject: ICT Instructor: M.

Sufyan Haqqui

ASSIGNMENT # 2
Exercise 1

 Introduction to MS Excel files, Workbooks, Worksheets, Columns and Rows.


 Formatting Worksheets.
 AutoFill, Numeric formats, Previewing Worksheets.

Payroll
Date 01/01/2011
Employee Hourly Hours Gross S.S Tax
Empl. # Net Pay
Name Rate Worked Pay 6%
E00001 Ford $ 7.50 35 262.50 15.75 246.75
E00002 Mino $ 8.00 30 240.00 14.40 225.60
E00003 Bell $ 6.50 25 162.50 9.75 152.75
E00004 Davis $ 9.00 40 360.00 21.60 338.40
E00005 Turo $ 10.00 39 390.00 23.40 366.60

Total 169 1,415.00 84.90 1,330.10

1. Open a new workbook and save the file with the name “Payroll”.
2. Enter the labels and values in the exact cells locations as desired.
3. Use AutoFill to put the Employee Numbers into cells A6:A8.
4. Set the columns width and rows height appropriately.
5. Set labels alignment appropriately.
6. Use warp text and merge cells as desired.
7. Apply borders, gridlines and shading to the table as desired.
8. Format cell B2 to Short Date format.
9. Format cells E4:G8 to include dollar sign with two decimal places.
10. Calculate the Gross Pay for employee; enter a formula in cell E4 to multiply Hourly Rate by Hours Worked.
11. Calculate the Social Security Tax (S.S Tax), which is 6% of the Gross Pay; enter a formula in cell F4 to
multiply Gross Pay by 6%.
12. Calculate the Net Pay; enter a formula in cell G4 to subtract Social Security Tax from Gross Pay.
13. Set the work sheet vertically and horizontally on the page.
14. Save your work.
Formula Explanation for above Payroll Table:

Payroll
Date 01/01/2011
Hourly Hours
Empl. # Employee Name Gross Pay S.S Tax 6% Net Pay
Rate Worked
E00001 Ford 7.5 35 =SUM(C4*D4) =SUM(E4*6%) =SUM(E4-F4)
E00002 Mino 8 30 =SUM(C5*D5) =SUM(E5*6%) =SUM(E5-F5)
E00003 Bell 6.5 25 =SUM(C6*D6) =SUM(E6*6%) =SUM(E6-F6)
E00004 Davis 9 40 =SUM(C7*D7) =SUM(E7*6%) =SUM(E7-F7)
E00005 Turo 10 39 =SUM(C8*D8) =SUM(E8*6%) =SUM(E8-F8)

Total =SUM(D4:D9) =SUM(E4:E9) =SUM(F4:F9) =SUM(G4:G9)

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