Question: Suppose that a payday can only be on a weekday (Monday-Friday). For any payday on a weekend return the next workday as the new payday.

Suppose that a payday can only be on a weekday (Monday-Friday). For any payday on a weekend return the next workday as the new payday.
Place your calculation for the first "Payday" in cell E16.
Reference the Payday.
Since the Payday was carefully selected to avoid federal holidays, you do not need to reference the table of federal holidays.
Reuse your formula to calculate the remaining paydays in the column.
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