# Excel | Range names exercise | Range Names - Pesko Pay

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 Software ==> Excel  (151 exercises) Version ==> Excel 2016 and later Topic ==> Range names  (13 exercises) Level ==> Average difficulty Subject ==> Excel training
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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:

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:

When you change the rates, the answers should change.

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

You can unzip this file to see the answers to this exercise, although please remember this is for your personal use only.