Uploaded by mcolebourn

Payroll Spreadsheet Exercise

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Spreadsheet Exercise
Adventurers Limited is an agency from which various heroes, adventurers and agents
can be hired. In an effort to improve record keeping, a computer has been installed in
the organisation. Your first job on the computer is to create a spreadsheet to facilitate
calculating payroll details.
The spreadsheet should be formatted and laid out appropriately, using the data
provided.
The spreadsheet should calculate:
1. The ordinary pay of each adventurer.
hourly rate x hours worked = ordinary pay
2. The overtime pay of each adventurer at the overtime rate of 2.5 x hourly rate.
overtime hours x overtime rate = overtime pay
3. The gross pay of each adventurer.
gross pay = ordinary pay + overtime pay
4. The tax paid by each adventurer. The tax rate is the same for all adventurers $0.33 in the dollar. Use an absolute reference to the tax rate in the formula:
wage x tax rate = tax
5. The net pay of each adventurer.
net pay = gross pay - tax
6. Total payroll tax payments.
7. Total payroll gross pay.
8. Average adventurer wage, using a function.
Data:
Adventurer
James Bond
Indiana Jones
Maxwell Smart
Mick Dundee
Batman
John Rambo
Simon Templar
Hourly Hours
Rate
Worked
$200
$95
$86
$54
$40
$180
$100
100
50
99
40
100
125
60
Hours
Overtime
20
10
5
5
20
0
40
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