Excel Instructions using Excel 2010:

1. Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer.
2. A formula begins with an equals sign (=) and can consist of any of the following elements:
Operators such as + (for addition), - (for subtraction), * (for multiplication), and / (for division).
Cell references, including cell addresses such as B52, as well as named cells and ranges
Values and text
Worksheet functions (such as SUM)
3. You can enter a formula into a cell manually (typing it in) or by pointing to the cells.
To enter a formula manually, follow these steps:
Move the cell pointer to the cell that you want to hold the formula.
Type an equals sign (=) to signal the fact that the cell contains a formula.
Type the formula, then press Enter.
4. Rounding: These templates have been formatted to round numbers to either the nearest whole number or the nearest cent. For example,
17.65 x 1.5=26.475. The template will display and hold 26.48, not 26.475. There is no need to use Excel's rounding function.
EXCEPTION: Continuing Payroll Problems A & B:
When calculating over-time rate for weekly salary, round regular rate to TWO decimals BEFORE calculating overtime rate.
Rounding can be accomplished by using Number function (using arrows) on Excel Home menu or by entering the formula
=(Round(Weekly/40,2))*1.5 Where "Weekly" entered as either the weekly pay or cell reference.
Failure to use the ROUND function will cause the OT rate to be incorrect.
5. Remember to save your work. When saving your workbook, Excel overwrites the previous copy of your file. You can save your work at any time.
You can save the file to the current name, or you may want to keep multiple versions of your work by saving each successive version under a different name.
To save to the current name, you can select File, Save from the menu bar or click on the disk icon in the standard toolbar.
It is recommended that you save the file to a new name that identifies the file as yours, such as Excel_End_of_Chapter_Problems_Your_Name.xlsx
To save under a different name, follow these steps:
Select File, Save As to display the Save As Type drop-box, chose Excel Workbook (*.xlsx)
Select the folder in which to store the workbook.
Enter the new filename in the File name box.
Click Save.
You can save the file to the current name, or you may want to keep multiple versions of your work by saving each successive version under a different name.
Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the
right of an incorrect answer.
2-3A
Kagan Company
Employee
Hours
Worked
Regular
Hourly Wage
Rate
(a)
Gross
Earnings
Darley, R. 38 9.70 $ 368.60 $
Waxman, B 40 8.35 334.00 $
Isaac, J. 37 9.00 333.00 $
Bruner, H. 40 7.75 310.00 $
Kellogg, P. 32 1/2 8.40 273.00 $
1,618.60 $
Student Work Area
(b) Total gross earnings
Instructor Comment/Grade Area
Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the
right of an incorrect answer.
2-3B
Koogel Company
Employee
Hours
Worked
Regular
Hourly Wage
Rate
(a)
Gross
Earnings
Duffy, M. 35 11.90 $ 416.50 $
Hazelton, G. 28 14.15 396.20 $
Inman, T. 39 1/2 10.90 430.55 $
Palmer, C. 24 1/2 16.40 401.80 $
Diaz, O. 31 12.90 399.90 $
2,044.95 $
Student Work Area
(b) Total gross earnings
Instructor Comment/Grade Area
Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the
right of an incorrect answer.
2-4A
Hours
Worked
Regular
Hourly
Wage Rate
Regular
Earnings
Overtime
Rate
Overtime
Earnings
Total Gross
Earnings
Carman, T. 47 9.45 $ 378.00 $ 14.18 $ 99.26 $ 477.26 $
Galasso, A. 42 11.90 476.00 $ 17.85 $ 35.70 $ 511.70 $
Jones, B. 48 8.85 354.00 $ 13.28 $ 106.24 $ 460.24 $
Rodna, G. 44 8.25 330.00 $ 12.38 $ 49.52 $ 379.52 $
Wilmon, W. 45 1/2 7.40 296.00 $ 11.10 $ 61.05 $ 357.05 $
2,185.77 $
McNeese Enterprises
Employee
(b) Total gross earnings..
Student Work Area Instructor Comment/Grade Area
Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the
right of an incorrect answer.
2-4B
Hours
Worked
Regular
Hourly
Wage Rate
Regular
Earnings
Overtime
Rate
Overtime
Earnings
Total Gross
Earnings
Wilson, H. 43 11.90 $ 476.00 $ 17.85 $ 53.55 $ 529.55 $
Aha, C. 42 14.20 568.00 $ 21.30 $ 42.60 $ 610.60 $
Shoup, K. 47 9.90 396.00 $ 14.85 $ 103.95 $ 499.95 $
Carlyn, D. 41 1/2 10.70 428.00 $ 16.05 $ 24.08 $ 452.08 $
McMurray, J. 45 17.10 684.00 $ 25.65 $ 128.25 $ 812.25 $
2,904.43 $
Somja Enterprises
Employee
(b) Total gross earnings..
Student Work Area Instructor Comment/Grade Area
Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the
right of an incorrect answer.
2-18A
446.25 $
9.81 $
4.91 $
27.01
473.26 $ (d) Total earnings
Instructor Comment/Grade Area
Student Work Area
(a) Piecework earnings .
(b) Regular hourly rate
Overtime hourly rate
(c) Overtime earnings..
Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the
right of an incorrect answer.
2-18B
551.00 $
11.98 $
5.99 $
35.94
586.94 $ (d) Total earnings
Instructor Comment/Grade Area
Student Work Area
(a) Piecework earnings .
(b) Regular hourly rate
Overtime hourly rate
(c) Overtime earnings..
Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the
right of an incorrect answer.
2-20A
29,500.00 $
4,250.00 $
9,500.00 $
13,750.00
43,250.00 $
$200,000
Total commission.
(c) Total annual earnings.
Instructor Comment/Grade Area
Student Work Area
(a) Regular annual Salary....
(b) Commission on sales up to $50,000
above quota.
Commission on sales beyond
Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the
right of an incorrect answer.
2-20B
34,500.00 $
4,750.00 $
13,800.00 $
18,550.00
53,050.00 $
$200,000
Total commission.
(c) Total annual earnings.
Instructor Comment/Grade Area
Student Work Area
(a) Regular annual Salary....
(b) Commission on sales up to $50,000
above quota.
Commission on sales beyond