General Formulae

Additional notes to EX Chapter 02:

Chapter 2

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Before Slide 10:

Doc Properties: File (Backstage view) Info Properties

Options: Go through the different options DON’T change these!!

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Formulae:

Gross Pay = Hours Worked x Hourly Pay Federal Tax:

An employee qualifies for tax relief if they have dependents: R 24.32 for each dependent, otherwise its 22% of the gross pay: WRITE IT!!

= 22% of (Gross Pay – Dependents x 24.32) State Tax:

4% of the Gross Pay, or = 0.04 x Gross Pay

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Formulae Continues:

Net Pay: Try to write the formula!!

(Usually it is your ‘take-home’ pay, that is after

you deduct the taxes from the gross pay)

= Gross Pay – (Federal Tax + State Tax) Tax%:

= (Total Tax)/Gross Pay ‘x 100’

= (Federal Tax + State Tax)/Gross Pay

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Relative Referencing:

When copying a formula, Excel adjusts the cell references so that the new formula contains references corresponding to the new cell locations: if you copy downward, Excel adjust the ROW

portion of the cell reference, and if copied across, Excel adjusts the COLUMN

portion of the cell reference in the formula. This is RELATIVE REFERENCING

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Additional Information:

Slide 13: Calculating Totals: Careful for J13. Copy J12 J13

Slide 21: (Range Finder) What about Tracing: Click a cell that has a formula: Go to the Formulas Tab > Formula Auditing

Group, and play around with the different ‘tracings’

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Continues:

Slide 22: Cell A1: Choose Cell Style ‘Title’, Select Merge+Center, Cell A2: Select Merge+Center, Decrease Font Size, Fill Orange Accent, Lighter 60%, Take it step by Step