6/2/2023 1:23

EMPLOYEE SALARY ALLOWANCE GROSS PAY MEDICAL

Lawrence $980,000 $40,000 $1,020,000 $ 49,000.00
Karen $45,000 $9,000 $54,000 $ 2,250.00
Seeram $750,000 $35,000 $785,000 $ 37,500.00
Khemraj $40,000 $8,000 $48,000 $ 2,000.00
Mohan $54,000 $8,000 $62,000 $ 2,700.00

ANSWERS
#1= D6 =SUM(B6:C6)
#2= (D3-35000* 33/100)
#3= (B5/100*5)
#4= G4 (D4-(E4+F4))
#5= SUM(F3:F7)
Value for number 5 below
$ 1,911,250.00
TAX NET PAY
$ 1,008,450.00 ($37,450)
$ 42,450.00 $9,300
$ 773,450.00 ($25,950)
$ 36,450.00 $9,550
$ 50,450.00 $8,850