PROJECT: USING ADVANCED FORMULAS
Suppose you own a small business with ten employees. Small businesses use spreadsheets for a variety of reasons.

OBJECTIVES
Create a spreadsheet to track payroll.
Directions
Create a spreadsheet to calculate the your company's payroll, or how much you pay each employee and the total you pay all employees.

You pay your employees every two weeks, and for the last two weeks, your employees worked the following hours:

Employee 1: 78
Employee 2: 75
Employee 3: 80
Employee 4: 45
Employee 5: 50
Employee 6: 80
Employee 7: 65
Employee 8: 60
Employee 9: 78
Employee 10: 75
Your spreadsheet should calculate:

the total hours worked for each employee
the gross pay for each employee (pay rate is $12.50 per hour)
the state income tax for each employee (use 5.7%)
the Federal income tax for each employee (use 15%)
Social Security for each employee (use 3.5%)
the net pay for each employee by subtracting the income tax and Social Security from the gross pay
the total gross pay, total state income tax, total Federal income tax, total Social Security, and total net pay paid to all employees
When you finish your spreadsheet, estimate your answers to check for accuracy. Make any necessary corrections. Use formatting techniques to make your spreadsheet easy to read. Upload your spreadsheet using the Upload tool in the box below.

Answers

Answer 1

Answer:

Total hours worked for two weeks by all employees = 686 hours

Total Gross pay of all employees = $8,575.00

Total State income tax of all employees = $488.78

Total Federal income tax of all employees = $1,286.25

Total Social Security of all employees = $300.13

Total Net Pay of all employees = $6,499.85

Explanation:

Note: See the attached excel file for the calculation of the company's payroll or amount paid to each employee and the total amount paid to all employees on a spreadsheet as required by the question.

In the attached excel file, the following formula are used:

Gross pay for each employee = Pay rate of $12.50 per hour * Total hours worked for two weeks by each employee

State income tax for each employee = 5.7% * Gross pay for each employee

Federal income tax for each employee = 15% * Gross pay for each employee

Social Security for each employee = 3.5% * Gross pay for each employee

Answer 2

Answer:

here you go edmentum

Explanation:

PROJECT: USING ADVANCED FORMULASSuppose You Own A Small Business With Ten Employees. Small Businesses

Related Questions

When loan payments are amortized, the total amount you owe every month​

Answers

Answer:

Since amortization means the period repayment of a loan, with a specific amount going to the principal and interest payments, the amortization schedule amounts to a total fixed monthly payment of $836.03 over the life of the mortgage loan.

Explanation:

At the time when the loan payment should be amortized so the total amount owed is the periodic payment.

The following information related to the periodic payment is:

At the time when there is owe amount for each amount and the payment regarding the loan should be amortized so it is a periodic payment. Also, from that some part of the payment is belonged to the interest and principal amount.

Therefore we can conclude that at the time when the loan payment should be amortized so the total amount owed is the periodic payment.

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Work and/or assignments performed in a career are _____.


A.) tasks


B.) values


C.) interests


D.) employees


(please help :D)

Answers

Answer:

b. task

Explanation:

The assignments which are actually performed in a given career is known as Tasks option(a) is correct.

What is a career?

A career in simple words we can say that it is known to be an occupation or a profession which actually undertakes for a longer period of the time which gives monetary benefits over a period of the time.

Career is usually one person choose to do because it is known to be his/her purpose of choosing a right path over a period of the time.

Therefore Option(a) is correct.

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#SPJ2

Is it possible for someone in a working industry to has self-motivation, but not self-discipline? Explain.

Answers

It is possible because someone can believe in their self but they can’t control their temptations or their weakness to something

Which of the following is not a required element of a contract
A Offer
B Breach
C Acceptance
D Consideration

Answers

Answer:

D

Explanation:

Consideration is unnecessary.

Considering the available options, the option that is not a required element of a contract is "Breach."

This is because for a contract to be valid and enforceable in a court of law there must be the following elements.

Offer: there must be an offer from one party to another which must be accepted. Offer can be verbal or written. The person making the offer is known as the offeror.

Acceptance: for a contract to be valid, there must also be an acceptance from the other party. Acceptance can also be verbal or written. The person accepting the offer is known as the offeree.

Consideration: this is also an essential part of a contract. A consideration Is what is given by the parties to a contract to make it enforceable. For instance, a vendor's consideration is goods or services delivered, while a purchaser's consideration is the money paid for the goods or services.

However, the breach is not part of a contract element as breach voids a contract.

Some other elements of a contract are the legality and capacity of the parties and the consideration involved.

Hence, in this case, the correct answer is option B. "Breach."

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