Excel | Range names exercise | Range Names - Pesko Pay

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The answer to the exercise will be included and explained if you attend one of more of the courses listed below!

Software ==> Excel  (146 exercises)
Version ==> Excel 2016 and later
Topic ==> Range names  (13 exercises)
Level ==> Average difficulty
Courses ==> Excel Business Modelling  /  Excel Intermediate
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Open the file contained within the folder name shown above.

Using Range Names

We want to create range names for all the rates in cells B19:B21.

 

Create a range name for cells B19, B20 and B21 - don't forget there is a menu/quick key to do this in one step!

In cell E4, create a formula to calculate the pay using your range name for the pay rate.  Use this to help you:

Pay = Hours Worked * (range name for) Hourly Pay Rate

Copy the formula down the column to calculate the other staff members' pay.

In cell F4, create a formula to calculate the National Insurance using your range name for the National Insurance rate.  Use this to help you:

Nat Ins = Pay * (range name for) Nat Ins Rate

Copy the formula down the column to calculate the other staff members' National Insurance.

In cell G4, create a formula to calculate the tax using your range name for the tax rate.  Use this to help you:

Tax = Pay * (range name for) Tax Rate

Copy the formula down the column to calculate the other staff members' tax.

Change the values of the hourly pay rate, National Insurance rate and tax rate to the values shown below:

Range Names Example

When you change the rates, the answers should change.

Use Save As... to save the file in your own new Excel work folder.

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