BIS 155 final exam with answers.

1. (TCO 1) You work for a local construction firm, "DeVry Engineering Group" and your supervisor wants to test your knowledge and skills with Microsoft Excel and has instructed you to develop a spreadsheet to calculate weekly payroll for “15” employees with the following assumptions: Note: This is a one part question. • Each employee could have a standard hourly rate between $10.00 and $30.00 per hour. • Each employee qualifies to earn overtime at a rate of 1.5 of his or her hourly rate for every hour greater than 40 hours. • Each employee will have a standard 7.65% deduction for social security • Each employee will have a standard 14.00% deduction for Federal Taxes • Each employee will have a standard 5.33% deduction for State Taxes Explain how you will structure and format your worksheet, including titles, column headings, and formulas to calculate payroll variables for each employee to determine "Net Pay" including and not limited to Total Hours, Gross Pay, Social Security Tax, Federal Withholding Tax, and Sate Withholding Tax. In addition, determine how you would . The creation of the Weekly Payroll Workbook Since this is a weekly payroll for construction workers, the computation for Excel will be on a weekly basis. Here are the insights as to how to create the Payroll workbook. Using a separate worksheet, like Sheet1, you need to indicate the Week Number in the sheet. This represents which week in the calendar the payroll is computer. Normally we have 52 weeks in one year so Week Number can be Week 1, Week 2, … Week 52. In this same sheet, enter the names of the 15 employees in the first Column, starting from cell A4 to provide enough cells for heading. You can add and delete rows after this. In cell A1, enter your company name. In cell A2, enter Week No.: 1 for the first week. In cell A3, enter “Employees” or Employee Names” which will serve as the heading of the table. In cell A4 through A18, enter the names of the employees. For the cell B3 to F3, enter the 5 working days of the week. For G3, enter “Total Hours Worked”.