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Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area Betsy Strand's payroll information is provided here. or work area as appropriate. Use the SUM function to add any necessary amounts. Regular hourly wage rate Hourly rate for work in excess of 40 hours Hours worked during a January pay period Federal income tax withholding 24 16.00 %24 24.00 47 $ 95.00 Compute Betsy Strand's gross earnings and net pay for the pay period. FICA tax rate 7.65% 2 3 Betsy has no voluntary deductions. Gross earnings: Regular pay 14 15 16 Overtime pay 17 Total gross earnings 18 19 Gross earnings FICA taxes withheld 2$ 20 21 22 Federal income taxes withheld 23 24 Net pay 25

Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area Betsy Strand's payroll information is provided here. or work area as appropriate. Use the SUM function to add any necessary amounts. Regular hourly wage rate Hourly rate for work in excess of 40 hours Hours worked during a January pay period Federal income tax withholding 24 16.00 %24 24.00 47 $ 95.00 Compute Betsy Strand's gross earnings and net pay for the pay period. FICA tax rate 7.65% 2 3 Betsy has no voluntary deductions. Gross earnings: Regular pay 14 15 16 Overtime pay 17 Total gross earnings 18 19 Gross earnings FICA taxes withheld 2$ 20 21 22 Federal income taxes withheld 23 24 Net pay 25

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please see below. Be sure to include the appropriate mathematical formulas and cell referencing for this question. These two items are required!!!!

 

031 fx A B C F 1 Function: SUM; Formula: Subtract, Multiply; Cell Referencing K 3 Using Excel to Calculate Payroll Amounts Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area 4. PROBLEM 5 Betsy Strand's payroll information is provided here. or work area as appropriate. Use the SUM function to add any Regular hourly wage rate Hourly rate for work in excess of 40 hours Hours worked during a January pay period Federal income tax withholding $ 16.00 8 necessary amounts. 24 24.00 9 47 10 95.00 Compute Betsy Strand's gross earnings and net pay for the pay 11 FICA tax rate 7.65% period. 12 13 Betsy has no voluntary deductions. Gross earnings: 14 Regular pay 15 16 Overtime pay 17 Total gross earnings 18 19 Gross earnings $ 20 FICA taxes withheld 21 22 Federal income taxes withheld 23 24 Net pay 25 E. %24
Transcribed Image Text:031 fx A B C F 1 Function: SUM; Formula: Subtract, Multiply; Cell Referencing K 3 Using Excel to Calculate Payroll Amounts Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area 4. PROBLEM 5 Betsy Strand's payroll information is provided here. or work area as appropriate. Use the SUM function to add any Regular hourly wage rate Hourly rate for work in excess of 40 hours Hours worked during a January pay period Federal income tax withholding $ 16.00 8 necessary amounts. 24 24.00 9 47 10 95.00 Compute Betsy Strand's gross earnings and net pay for the pay 11 FICA tax rate 7.65% period. 12 13 Betsy has no voluntary deductions. Gross earnings: 14 Regular pay 15 16 Overtime pay 17 Total gross earnings 18 19 Gross earnings $ 20 FICA taxes withheld 21 22 Federal income taxes withheld 23 24 Net pay 25 E. %24
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