WISE OWL EXERCISES
- Creating formulae (5)
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- Absolute references (9)
- Range names (13)
- Conditional formulae (16)
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- Text functions (1)
- Advanced charts (4)
- Multiple worksheets (1)
- Advanced tables (1)
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- Advanced pivot tables (3)
- Scenarios (2)
- Data tables (2)
- Array formulae (2)
- Building models (2)
- Masking (2)
- Cashflow calculations (1)
- Investment appraisal (1)
Excel | Range names exercise | Range Names - Pesko Pay
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Open the file contained within the folder name shown above.
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:
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:
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:
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:
When you change the rates, the answers in the corresponding columns should change.
Use Save As... to save the file in your own new Excel work folder.