Create a spreadsheet to calculate the your company's payroll, or how much you pay each employee and the total you pay all employees.

Question

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:

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. Upload your spreadsheet using the Upload tool in the box below.

Answer 1

Below is a structured description of how to create the spreadsheet for calculating the payroll:

Spreadsheet Layout:

1. Column Headers:

   • A: Employee Name
   • B: Hours Worked
   • C: Pay Rate
   • D: Gross Pay
   • E: State Income Tax
   • F: Federal Income Tax
   • G: Social Security
   • H: Net Pay

2. Rows:

   • Row 1: Column headers
   • Rows 2-11: Employee information
   • Row 12: Totals

Data Entry & Formulas:

Step 1: Input the employee names and hours worked:

• A2: Employee 1 - B2: 78
• A3: Employee 2 - B3: 75
• A4: Employee 3 - B4: 80
• A5: Employee 4 - B5: 45
• A6: Employee 5 - B6: 50
• A7: Employee 6 - B7: 80
• A8: Employee 7 - B8: 65
• A9: Employee 8 - B9: 60
• A10: Employee 9 - B10: 78
• A11: Employee 10 - B11: 75

Step 2: Set the pay rate:

• C2 to C11: 12.50 (you can enter =12.50 in C2 and drag down to C11)

Step 3: Calculate Gross Pay:

• D2: =B2*C2 (Copy this down from D2 to D11)

Step 4: Calculate State Income Tax (5.7%):

• E2: =D2*0.057 (Copy this down from E2 to E11)

Step 5: Calculate Federal Income Tax (15%):

• F2: =D2*0.15 (Copy this down from F2 to F11)

Step 6: Calculate Social Security (3.5%):

• G2: =D2*0.035 (Copy this down from G2 to G11)

Step 7: Calculate Net Pay:

• H2: =D2-E2-F2-G2 (Copy this down from H2 to H11)

Step 8: Calculate Totals:

• D12: =SUM(D2:D11)
• E12: =SUM(E2:E11)
• F12: =SUM(F2:F11)
• G12: =SUM(G2:G11)
• H12: =SUM(H2:H11)

Formatting Techniques:

• Bold the headers in Row 1.
• Use borders to delineate the table.
• Apply currency formatting to columns D, E, F, G, and H.
• You can apply color shading to header row for better readability.

Example Values:

• After entering formulas, you should see approximate totals:
  • Total Gross Pay: $1,037.50 (this is the sum of individual gross pays)
  • Total State Income Tax: $59.12
  • Total Federal Income Tax: $155.63
  • Total Social Security: $36.32
  • Total Net Pay: (should be around $786.43)

Estimation for Accuracy:

• Add up each category manually or use a calculator to confirm the totals derived from the spreadsheet.

After finishing the spreadsheet using a program like Microsoft Excel or Google Sheets, use the "Upload" feature to submit your completed work.

If you need help with specific functions or features in Excel or Google Sheets, feel free to ask!