Workbooks With Multiple Worksheets Homework Handout D 472117
Workbooks With Multiple Worksheetshomework Handoutdesign And Create A
Workbooks with multiple worksheets homework handout: design and create a workbook to keep track of the payroll for hourly employees. Each worksheet will correspond to a different week. You have six employees. List them in a column. Each employee makes a different amount per hour. List the hourly pay for each employee in a new column. Now add a column for each of the seven days of the week. In these columns enter the number of hours worked by each employee each day that week. To the right add columns that give the total number of hours worked by each employee and the gross pay for each employee. The federal government asks you to deduct 20% of gross pay for federal income taxes. Your state or province asks you to deduct 5% of gross pay for state income taxes. Add columns for these. Social security deduction is 6.2% of gross pay. The deduction for medical insurance is $20 per week. Add columns for these. Each employee’s take home pay is the gross pay minus the deductions. Add a column for take home pay. Add a row to total all of the columns. Add appropriate cells with headings for the worksheet. Now use the worksheet you just created for one week’s payroll to create a workbook for a month (four weeks). You should have an initial worksheet that gives a title and other information. There should be one worksheet for each week. Employees may work different hours from week to week. The final worksheet should be the totals for the four weeks. There should be six worksheets in all. The only cells in which input is allowed are the employee names, hourly pay rate, and hours worked during each of the seven days. Data entry should not be allowed in any cell containing a formula or header information. Data entry should not be allowed in the totals worksheet. Lock/unlock the appropriate cells in each of the weekly payroll worksheets and the total worksheet. Protect each of the worksheets (do not use a password).
Paper For Above instruction
The task involves designing and creating a comprehensive payroll tracking workbook using spreadsheet software, such as Microsoft Excel, to manage hourly employee wages across a four-week period with multiple worksheets. This process emphasizes careful planning, cell protection, and formula application to automate calculations while safeguarding input cells. The following discussion elaborates on the key steps and considerations involved in this project.
Firstly, the foundational worksheet focuses on a single week’s payroll. The worksheet should include a list of six employees in a column, alongside their respective hourly pay rates. Adjacent to this, seven columns represent each day of the week, where the amount of hours worked per employee per day is entered. The design ensures clarity and ease of data entry, while formulas automatically compute total hours worked per employee by summing daily hours. Subsequently, gross pay per employee is calculated by multiplying total hours by the hourly rate.
Deductions constitute a significant component of payroll calculations. These should be systematically incorporated into the worksheet through additional columns, reflecting federal income tax (20%), state income tax (5%), social security (6.2%), and a fixed medical insurance deduction of $20 weekly. These deductions are calculated as percentages of the gross pay, except for the fixed insurance deduction, which is a set amount. The net or take-home pay is then derived by subtracting the total deductions from the gross pay, providing an accurate measure of each employee’s weekly take-home amount.
After establishing the weekly payroll worksheet, the next phase involves creating a month-long payroll workbook. This entails duplicating the weekly worksheet for four weeks, allowing for varied hours and pay rates across the period. An initial introductory worksheet should be added, providing a title and relevant information about the payroll period. Each weekly worksheet must maintain locked cells for formulas and headers to prevent accidental modifications, with only specific input cells (employee names, hourly pay, and hours) left unlocked for data entry.
The final worksheet aggregates the data from all four weeks, summing total hours, gross pay, deductions, and net pay to present a comprehensive monthly payroll profile. This summary worksheet should be protected from editing to preserve data integrity. Throughout the workbook creation process, proper cell protection, locking and unlocking, and formula validation are critical to ensuring functional accuracy and data security.
The importance of this project extends beyond mere data entry; it fosters skills in spreadsheet design, formula utilization, protection features, and report generation—vital competencies for effective payroll management and organizational accounting. The exercise not only demonstrates technical proficiency but also emphasizes accuracy, security, and clarity in financial data handling, essential qualities for administrator and payroll specialist roles in healthcare and other sectors.
References:
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8. U.S. Department of Labor. (2022). Wage and Hour Division: Payroll and Recordkeeping.
9. Kirk, B. (2018). Financial Modeling in Excel for Dummies. Wiley.
10. Klous, H. (2019). Implementing Data Security in Spreadsheets. InfoSec Institute.