Using Excel, complete the table below according to the following assumptions:
Professional tax:22% of the gross salary;
RAMA:5% of the gross salary; FARG:2% of the gross salary; Allowance:1% of the gross salary if this one is less than 250,000;3% for the gross salary less than 300,000;2% for the gross salary less than 450,000,otherwise it will be 5% of the gross salary
0 Rwfrs <Gross Salary<=250,000 Rwfrs earns 1% of Gross Salary
250,000 Rwfrs <Gross Salary<=300,000 Rwfrs earns 2% of Gross Salary 300,000 Rwfrs <Gross Salary<=450,000 Rwfrs earns 3% of Gross Salary Gross Salary>450,000 Rwfrs earns 5% of Gross Salary (Hint: Use IF Function)
Employee’s Gross Professional RAMA FARG Allowance Take
Name Salary Tax Home Peter 300000 John 280000 Andrew 375000 Merry 450000 Paul 678000 Sifa 228000