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# Metropolitan Zoo Glft Shop Department No. of Hourly Hours Overtime Dependents Wage Worked Regular Pay Pay Gross Pay Taxable Pay . Net Pay Abram 2...

I have a couple questions I need help with on my Metropolitan Zoo Giftshop

1. I have to use the IF functions to calculate and the regular pay and overtime pay based on a regular 40-hour workweek in cells E5 and F5. pay overtime only for overtime hours. Calculate the gross pay based on the regular and overtime pay. Adam's regular pay is \$398. With 8 overtime hours, Adam's overtime pay is \$119.40. How do I calculate this?
2. I need help creating a formula in cell H5 to calculate the taxable pay.

Metropolitan Zoo
Glft Shop Department No. of Hourly Hours Overtime
Dependents Wage Worked Regular Pay Pay Gross Pay Taxable Pay .. Net Pay
Abram 2 \$9.95 48 1.5-
I\costa 1 \$9.55 48
Bordeaux 3 \$1 1.75 50
-liginbotham 1 \$11.75 35
anziti 1 \$10.00 40
Jaussi 1 \$9.55 44
-ing 3 \$15.75 40
vlunoz 2 \$12.25 20
Riley 3 \$13.35 38
Sabey 2 \$10.00 45
Trujillo 1 \$9.95 15
Neston 2 \$11.75 41
Totals
Taxable Summary
‘ ssum ptions Pay Tax Rate Statistics it of Hours Gross Pay Net Pay
Base Work Hours 40 \$0 15% Average
Dyertime rate 1.5 \$250 22% Highest
=ICA rate 7.65% \$300 25% Lowest
Deduct per Depend \$ 50.00 \$450 28%
\$525 31% (rte 5. . The base workweek is 40 hours. Regular pay is based on hourly wage and hours worked up to 40. I
2. Overtime pay is based on overtime hours, the hourly wage, and the overtime rate.
3. The gross pay is the total of the regular pay and overtime pay.
1. The taxable pay is the difference between the gross pay
and the product of the number of dependents and deduction per dependent.
5. Federal withholding tax is calculated on the taxable pay based on the tax table.
5. FICA is calculated on the employee's gross pay.
7. The net pay is based on the gross pay. federal withholding tax. and FICA.

to calculate regular pay =IF(D2&gt;40,C2*40,C2*D2)... View the full answer

Calculate the gross pay based on the regular and overtime pay. Adam's regular pay is \$398. With 8 overtime hours, Adam's... View the full answer

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