1 Function: SUM; Formula: Subtract, Multiply; Cell Referencing 2 3 Using Excel to Calculate Payroll Amounts 4 PROBLEM 5 Betsy Strand's payroll information is provided here. 6 7 B 9 0 1 2 Regular hourly wage rate Hourly rate for work in excess of 40 hours Hours worked during a January pay period Federal income tax withholding FICA tax rate Betsy has no voluntary deductions. $ 16.00 $ 24.00 47 $ 95.00 7.65% Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or work area as appropriate. Use the SUM function to add any necessary amounts. Compute Betsy Strand's gross earnings and net pay for the pay period. Gross earnings: Regular pay Overtime pay Total gross earnings Gross earnings FICA taxes withheld Federal income taxes withheld Net pay $ 1,128.00 1,128.00 $1,128.00 $ 95.00 86.29 946.71

Function: SUMF Formula: Subtract, Multinly: Cell Reterencing Compute Detsy strands gross earnings and net pay for the piny poriod: Betsy has no voluntary deductions