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• Below are the formulas you'll use for Federal Tax and State Tax.
You'll need to figure out formulas for Gross Pay and Net Pay
yourself. How is pay calculated?
Cell Reference Cell Reference
o Federal Tax =20%*(Gross Pay – Dependents * 38.46)
Cell Reference
o State Tax =3.2%*Gross Pay
• I also want you to look over the payroll and make a sensible graph out
of some of the information. Include this on the same worksheet.
Write formulas to get these answers. Use the
Sample front page of this handout to help you.
Net Pay
Bar Chart
Line Chart
Pie Chart
$200.00
$-
Net Pay
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