Open study

is now brainly

With Brainly you can:

  • Get homework help from millions of students and moderators
  • Learn how to solve problems with step-by-step explanations
  • Share your knowledge and earn points by helping other students
  • Learn anywhere, anytime with the Brainly app!

A community for students.

I need help with making the formulas in this. I'll type the rest in the comment section. 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:

Economics - Financial Markets
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this and thousands of other questions

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. Save and print your spreadsheet.
Total hours are given that's simple. Gross Pay is amount paid before taxes and is just \[Gross Pay = Wage * Hours = Total Hours *12.5\] State income tax will just be \[State Income Tax = Gross Pay * Tax Rate = Gross Pay * .057\] Federal Income Tax will be the same as State Income Tax but using the rate of .15 (15%) instead of 5.7% Social Security is the Same as all the Other Taxes above but use 3.5% (.035) instead. Net Pay is just simply \[Net Pay = Gross Pay - Social Security - Federal Tax - State Tax\] Total Gross Pay, Total State, Federal and Social Security Tax, is just the sum of all the amounts respectively you calculated previously for each employee.

Not the answer you are looking for?

Search for more explanations.

Ask your own question

Other answers:

Not the answer you are looking for?

Search for more explanations.

Ask your own question