(TCO 1) You are the Payroll Manager for your employer. Your payroll clerk has submitted the worksheet displayed here. All employees earn their regular pay rate times the hours worked plus an overtime bonus of 50% of the hours worked in excess of 40 hours.
Part 1: Write a formula as if it were in Cell E2 that will calculate gross pay. Write the formula so that it may be copied to the other employees without modification.
Part 2: You must also calculate the Income Tax which is assessed at an accelerated rate as shown in the Tax Rate Table. Write a formula as if it were in Cell F2 that calculates the income tax for the first employee. Write the formula so that it may be copied to the other employees without modification.
Part 3: Hourly employees must pay union dues of $0.25 per hour on hours worked in excess of 25 hours up to and including 40 hours plus $0.35 per hour on all hours worked in excess of 40 hours. Write a formula as if it were in Cell G2 that calculates the union dues (if any) for the first employee. Write the formula so that it may be copied to the other employees without modification.
Part 4: Salaried and Exempt employees (Pay Codes E and S) are covered by the company's health insurance. The deduction is $10.00 per week. Write a formula as if it were in Cell H2 that calculates the Insurance deduction (if any) for the first employee. Write the formula so that it may be copied to the other employees without modification.
Question 2. 2. (TCO 3) You are a Microsoft Office trainer for DeVry University. The training topic for the current month is charts using Microsoft Excel. During each training session from different departments or cohorts, the following frequently asked questions were asked and you decide to create a document formalizing answers and suggestions.
My supervisor, Sally, likes my charts; however, she instructs me to take more time planning my charts before creating the actual chart itself. Why is planning the creation and development of a chart so important?
My supervisor, John, ask me to chart some comparative data but my first attempt with a column chart did not illustrate the data as well as he would have liked. What type of chart is ideal and best to illustrate comparative data of individual items in a data series and why?
My supervisor, Jessica, asked me to project future data trends using a chart. Most of the data is associated with sales and depending on the nature of what is sold, data either fluctuates or increases quickly. What chart feature added to a column chart can help project these data trends and why?
My supervisor, Thomas, asked me to add some creativity with color and enhancements on all charts used during weekly meetings. What should I consider to avoid being overly creative and why is this important?
Question 3. 3. (TCO 3) You are an analyst for the Vanguard Mortgage Company has been using a spreadsheet created by you in the past which functions well. The current worksheet you created currently contains the customer's account, the cost of the house, down payment, amount financed, mortgage rate, loan years (e.g. 30 year), % financed, date financed and payoff year. You have been tasked with enhancing the worksheet to include noted basic summary statistics. Which sorts of summary statistical methods would you include in the updated workbook? Describe at least six statistical measures that you would use so that you could explain them to your supervisor.
Question 4. 4. (TCO 5) Michael is a Professor of Biology at DeVry University and has collected "30" largemouth bass from "4" separate lakes to get weight distributions, measure of girth, and length. He currently has the data saved in a Microsoft Excel workbook with data from each lake on a separate worksheet. Given the Professor's needs, summarize how he can consolidate this data to output average, minimum, and maximum weight, measure of girth, and length of largemouth bass across all "4" lakes also including visual output and trends.
Question 5. 5. (TCO 9) You have been tasked with analyzing an extremely large amount of data and to ultimately produce a report to share with the Board of Directors. The data is currently in a text file and has over two thousand records of data. Explain how you would use Excel to analyze this data and organize it to prepare a written report. Be very specific on the variety of tools you would use and the steps you would go through to analyze the data and to ultimately prepare a detailed report with recommendations.
Note: This is a one part question.