Kelley_2020 annotated EOC Chapter 3_final

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Paradise Valley Community College *

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ACC222

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Finance

Date

Feb 20, 2024

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xlsx

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17

Uploaded by JudgePelicanPerson503

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Excel Instructions: 1. Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incor 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. 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 func EXCEPTION: Continuing Payroll Problems A & B: When calculating over-time rate for weekly salary, round regular rate to TWO decimals BEFORE calc Rounding can be accomplished by using Number function (using arrows) on Excel Home menu or by e =(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 You can save the file to the current name, or you may want to keep multiple versions of your work by saving each succes To save to the current name, you can select File, Save from the menu bar or click on the disk icon in the standard toolba It is recommended that you save the file to a new name that identifies the file as yours, such as Excel_End_of_Chapter_Pr 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. 4. Rounding : These templates have been formatted to round numbers to either the nearest whole number or the neare
rrect answer. ction. culating overtime rate. entering the formula n save your work at any time. ssive version under a different name. ar. roblems_Your_Name.xlsx est cent. For example,
Name: Steph Kelley Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear Student Work Area to the right of an incorrect answer. 3-1A Rite-Shop Employee No. Employee Name OASDI HI 711 Castro, Manny $ 1,000.00 $ 62.00 $ 14.50 512 Corrales, Pat 968.00 60.02 14.04 624 Guitar, Joseph 1,004.00 62.25 14.56 325 Moore, Connie 1,046.40 64.88 15.17 422 Morrison, Harry 1,200.00 74.40 17.40 210 Robertson, Catherine 1,044.80 64.78 15.15 Instructor Comment/Grade Area 111 Swarez, Joseph 1,122.00 69.56 16.27 Totals $ 7,385.20 $ 457.89 $ 107.09 Employer's OASDI $ 7,385.20 $ 457.88 Total Taxable Employer's OASDI Wages Tax Employer's HI Tax $ 7,385.20 $ 107.09 Total Taxable Employer's HI Wages Tax Biweekly Taxable Wages
Name: Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear Student Work Area to the right of an incorrect answer. 3-1B Wee-Ones Employee No. Employee Name OASDI HI 711 Adams, Jane $ 1,100.00 $ 68.20 $ 15.95 512 Candy, James 1,000.00 62.00 14.50 624 Guiterrez, Roberta 1,050.00 65.10 15.23 325 Harrison, Ken 1,250.00 77.50 18.13 422 Lowland, Harriet 1,600.00 99.20 23.20 210 Ranger, Ralph 1,310.50 81.25 19.00 Instructor Comment/Grade Area 111 Sweat, Rudy 1,419.45 88.01 20.58 Totals $ 8,729.95 $ 541.26 $ 126.59 Employer's OASDI $ 8,729.95 $ 541.26 Total Taxable Employer's OASDI Wages Tax Employer's HI Tax $ 8,729.95 $ 126.58 Total Taxable Employer's HI Wages Tax Biweekly Taxable Wages
Name: Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. 3-5A a. November 15 Name and Title HI Tax Hanks,Timothy, President $156,000 $ 2,900.00 $ 179.80 $ 6,500.00 $ 94.25 Grath, John, VP Finance 138,000 5,750.00 356.50 5,750.00 83.38 James,Sally, VP Sales 69,600 2,900.00 179.80 2,900.00 42.05 Kimmel, Joan, VP Mfg. 54,000 2,250.00 139.50 2,250.00 32.63 Wie, Pam, VP Personnel 51,600 2,150.00 133.30 2,150.00 31.18 Grant, Mary, VP Secretary 49,200 2,050.00 127.10 2,050.00 29.73 b. December 31 Name and Title HI Tax Hanks,Timothy, President $156,000 $ 6,500.00 $ 94.25 Grath, John, VP Finance 138,000 650.00 40.30 5,750.00 83.38 James,Sally, VP Sales 69,600 2,900.00 179.80 2,900.00 42.05 Kimmel, Joan, VP Mfg. 54,000 2,250.00 139.50 2,250.00 32.63 Wie, Pam, VP Personnel 51,600 2,150.00 133.30 2,150.00 31.18 Grant, Mary, VP Secretary 49,200 2,050.00 127.10 2,050.00 29.73 Student Work Area Instructor Comment/Grade Area Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings
Name: Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. 3-5B a. November 15 Name and Title HI Tax Perez, Paul, President $153,600 $ 4,900.00 $ 303.80 $ 6,400.00 $ 92.80 Donald, Donna VP Finance 134,400 5,600.00 347.20 5,600.00 81.20 Funke, Jack, VP Sales 76,800 3,200.00 198.40 3,200.00 46.40 Weis, Al, VP Mfg. 92,400 3,850.00 238.70 3,850.00 55.83 Lang, Hope, VP Personnel 78,000 3,250.00 201.50 3,250.00 47.13 Lee, Amy, VP Secretary 52,800 2,200.00 136.40 2,200.00 31.90 b. December 31 Name and Title HI Tax Perez, Paul, President $153,600 $ 6,400.00 $ 92.80 Donald, Donna VP Finance 134,400 4,100.00 254.20 5,600.00 81.20 Funke, Jack, VP Sales 76,800 3,200.00 198.40 3,200.00 46.40 Weis, Al, VP Mfg. 92,400 3,850.00 238.70 3,850.00 55.83 Lang, Hope, VP Personnel 78,000 3,250.00 201.50 3,250.00 47.13 Lee, Amy, VP Secretary 52,800 2,200.00 136.40 2,200.00 31.90 Student Work Area Instructor Comment/Grade Area Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings
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