PRACTICAL EXERCISE 1.4 A Payroll consists of Basic Pay, Allowances, Gross Salary, Deductions and Net Salary. The Allowances are 23% of the Basic Pay while the Deduction are 12% of the Gross Salary. In the given worksheet, indicate in each cell what will be inserted, that is a value or a formula. In the case of a formula, write down the formula in cell. E C Stationery Supplies Ltd Allowances Gross Salary Deductions Net Salary Name Basic Pay 4 Lewis Francis Edwin 6 123
PRACTICAL EXERCISE 1.4 A Payroll consists of Basic Pay, Allowances, Gross Salary, Deductions and Net Salary. The Allowances are 23% of the Basic Pay while the Deduction are 12% of the Gross Salary. In the given worksheet, indicate in each cell what will be inserted, that is a value or a formula. In the case of a formula, write down the formula in cell. E C Stationery Supplies Ltd Allowances Gross Salary Deductions Net Salary Name Basic Pay 4 Lewis Francis Edwin 6 123
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![PRACTICAL EXERCISE 1.4
A Payroll consists of Basic Pay, Allowances, Gross Salary, Deduction ang
Net Salary. The Allowances are 23% of the Basic Pay while the Deduction
are 12% of the Gross Salary.
In the given worksheet, indicate in each cell what will be inserted, that is
a value or a formula. In the case of a formula, write down the formula in the
cell.
A
E
F
Stationery Supplies Ltd
Deductions Net
Salary
3.
Name
Basic
Allowances
Gross
Рay
Salary
4
Lewis
Francis
Edwin
13
Totals
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe4752371-369a-45d6-a8aa-6ef44f2c9ea4%2F9feddab0-9d7e-4f9b-9726-0c5830bf5904%2Fvtj0rjd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PRACTICAL EXERCISE 1.4
A Payroll consists of Basic Pay, Allowances, Gross Salary, Deduction ang
Net Salary. The Allowances are 23% of the Basic Pay while the Deduction
are 12% of the Gross Salary.
In the given worksheet, indicate in each cell what will be inserted, that is
a value or a formula. In the case of a formula, write down the formula in the
cell.
A
E
F
Stationery Supplies Ltd
Deductions Net
Salary
3.
Name
Basic
Allowances
Gross
Рay
Salary
4
Lewis
Francis
Edwin
13
Totals
4
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