payroll project assignment
Excel Instructions:
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 equals sign (=) and can consist of any of the following elements:
Operators such as + (for addition), - (for subtraction), * (for multiplication), and / (for division).
Cell references, including cell addresses such as B52, as well as named cells and ranges
Values and text
Worksheet functions (such as SUM)
3. You can enter a formula into a cell manually (typing it in) or by pointing to the cells.
To enter a formula manually, follow these steps:
Move the cell pointer to the cell that you want to hold the formula.
Type an equals sign (=) to signal the fact that the cell contains a formula.
Type the formula, then press Enter.
4. Rounding: These templates have been formatted to round numbers to either the nearest whole number or the nearest cent. For example,
17.65 x 1.5=26.475. The template will display and hold 26.48, not 26.475. There is no need to use Excel's rounding function.
EXCEPTION: Continuing Payroll Problems A & B:
When calculating over-time rate for weekly salary, round regular rate to TWO decimals BEFORE calculating overtime rate.
Rounding can be accomplished by using Number function (using arrows) on Excel Home menu or by entering the formula
=(Round(Weekly/40,2))*1.5 Where "Weekly" entered as either the weekly pay or cell reference.
Failure to use the ROUND function will cause the OT rate to be incorrect.
5. Remember to save your work. When saving your workbook, Excel overwrites the previous copy of your file. You can save your work at any time.
You can save the file to the current name, or you may want to keep multiple versions of your work by saving each successive version under a different name.
To save to the current name, you can select File, Save from the menu bar or click on the disk icon in the standard toolbar.
It is recommended that you save the file to a new name that identifies the file as yours, such as Excel_End_of_Chapter_Problems_Your_Name.xlsx
To save under a different name, follow these steps:
Select File, Save As to display the Save As Type drop-box, chose Excel Workbook (*.xlsx)
Select the folder in which to store the workbook.
Enter the new filename in the File name box.
Click Save.
Enter the appropriate numbers/formulas in the shaded (gray) cells.
An asterisk (*) will appear to the right of an incorrect answer.
7-Q4
Gross Bonus
Wages x Rate = Bonus
Bonno
Ferguson
Ford
Mann
Ryan
Sokowski
Student
Woods
Young
Total
Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells.
An asterisk (*) will appear to the right of an incorrect answer.
7-Q5
Calculation of accrued salaries and wages:
Biweekly Biweekly
Gross 14 Days'
Earnings Accrual
Administrative Salaries:
O'Neill
Office Salaries:
Ford
Student N/A
Woods
Zimmerman
Total office salaries
Sales Salaries:
Ferguson
Mann
Young
Total sales salaries
Plant Wages:
Bonno N/A
Ryan N/A
Sokowski
Total plant wages
JOURNAL
DATE DESCRIPTION DEBIT CREDIT
20-- Adjusting Entry
Dec. 31 Administrative Salaries
Office Salaries
Sales Salaries
Plant Wages
Salaries and Wages Payable
-
Rating:
/5
Solution: payroll project assignment