Metropolitan_Zoo_Gift_Shop_Weekly_Payroll
As manager of the gift shop at the Metropolitan Zoo, you are responsible for managing the weekly payroll. Your assistant developed a partial worksheet, but you need to enter the formulas to calculate the regular pay, overtime pay, gross pay, taxable pay, withholding tax, FICA, and net pay. In addition, you want to include total pay columns and calculate some basic statistics. As you construct formulas, make sure you use absolute and relative cell references correctly in formulas.
Create a formula in cell H5 to calculate the taxable pay. Multiply the number of dependents by the deduction per dependent (B24) and subtract that from the gross pay. With two dependents, Abram’s taxable pay is $417.40.