YEAR 10 MATHEMATICS ASSIGNMENT

DESCRIPTION You have been given the task to keep track of the payroll for your company pick a name. This assignment involves the use of Microsoft Excel spreadsheets and all relevant formulae to calculate wages, overtime, income tax, Medicare Levy, other deductions and net pay. The assignment is due by 3:05pm on Thursday, 23rd of August 2012. You must hand in a hard copy as well as submit a Microsoft Excel file by email to your teacher. ______________________________________________________________________________ DETAILS Hard copy Spreadsheets set page orientation to landscape page footer (centered) spreadsheet name page header (centered) company name set the column width and row height to 14 set money amounts to Currency print with gridlines Save document as Firstname.Lastname.9mxAssignment.xlsx

1. WAGES a) Open a new spreadsheet tab Sheet 1 and rename it to Wages. Enter the following data into your spreadsheet: Cell A1 Your company name Row 2 Family Name, First name, Hours worked on weekdays, Hours worked on weekends, Hourly pay rate, Weekly regular pay, Weekly overtime pay, Weekly wage, Annual wage, Annual tax, Weekly tax, Medicare Levy, Other weekly deductions, Weekly net pay

b) Calculate the hours worked for each employee. Ollie Liam Lily Chelsea Tin Molly Dennis Nathan Peter Janet 6am to 2pm 8am to 4 pm 8am to 4pm 2pm to 6pm 12am to 6am 10:30am to 4:30pm 12am to 6am 6pm to 12am 9am to 6pm 6pm to 12am Monday to Friday Monday and Tuesday Friday to Sunday Monday to Friday Monday to Friday Wednesday to Friday Saturday and Sunday Monday to Thursday Thursday to Saturday Friday to Sunday

c) Calculate the regular and overtime pay for each employee. Overtime is paid to employees who work any hours on the weekend. d) Calculate the weekly wage for each employee. e) Calculate the annual wage for each employee using your values from part d). f) Using the tax table below, calculate the tax paid for each employee.

The above rates do not include the Medicare levy of 1.5%

g) The current Medicare levy is charged at 1.5% of the taxable income (which is your annual wage). Calculate the Medicare levy for each employee. [Hint: =insert cell here*0.015/52] h) Calculate the deductions for each employee. Ollie Liam Lily Chelsea Tin Molly Dennis Nathan Peter Janet $28.80 for superannuation $125.05 for loan repayments $50.85 for health fund payments $53.55 for superannuation $15.30 for life insurance $76.70 for loan repayments $13 for health fund payments $14.50 for life insurance $11.23 for home insurance $15.20 for union membership fees

i) Calculate the weekly net pay for each employee.

[Note: Weekly Net pay = Weekly wage all deductions (including tax)]

2. BONUSES
a) Open a new spreadsheet tab Sheet 2 and rename it to Bonuses. Copy and paste the names of employees into the new spreadsheet. [i.e. Column A, Column B] b) Create a column titled Annual Overtime hours and enter the following data.

Ollie Liam Lily Chelsea Tin Molly Dennis Nathan Peter Janet

102 48 55 63 44 37.5 71 12 135 50

c) Create a column titled Bonus. If an employee works more than 50 hours of overtime in a certain year, they are entitled to a $500 bonus from the employer. In cell D5 use the formula =IF(C5>50,500,0). Fill down for the cells D6 to D14.

d) Highlight the names of employees yellow if they are entitled to the annual bonus.