How to calculate bonus on salary in excel

Excel_2F_Commercial_Compensation
Project Description:
In the following project, you will edit a worksheet that summarizes the compensation for the commercial salespersons who qualified for bonuses in two regions.

Steps to Perform:
Step

Instructions

Points Possible

1

Open the Excel workbook Student_Excel_2F_Commercial_Compensation.xlsx downloaded with this project.

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2

Rename Sheet1 as Arizona and rename Sheet2 as Washington.

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3

Click the Arizona sheet tab to make it the active sheet, and then group the worksheets. In cell A1, type Marisol Desserts and Spices and then Merge & Center the text across the range A1:F1. Apply the Title cell style. Merge & Center the text in cell A2 across the range A2:F2, and then apply the Heading 3 cell style.

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4

The bonus rates for each salesperson are determined by sales amounts using the following scale: Sales greater than $35,000 earn a bonus rate of 5%, sales greater than $25,000 earn a bonus rate of 4%. All other sales (any amount greater than 0) earn a bonus rate of 2%. With the sheets still grouped, in cell C5 use an IFS function to determine the commission rate for the first salesperson whose sales are in cell B5. Fill the formula down through cell C8.

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5

In cell D5, calculate Bonus for Moreland by multiplying the Sales times the Bonus Rate. Copy the formula down through cell D8.

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6

In cell F5, calculate Total Compensation by summing the Bonus and Base Salary for Moreland. Copy the formula down through the cell F8.

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7

In row 9, sum the columns for Sales, Bonus, Base Salary, and Total Compensation. Apply the Accounting Number Format with two decimal places to the appropriate cells in row 5 and row 9 (do not include the percentages).

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8

Apply the Comma Style with two decimal places to the appropriate cells in rows 6:8 (do not include the percentages). Apply the Total cell style to B9 and D9:F9.

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9

Ungroup the sheets, and then insert a new worksheet. Change the sheet name to Summary and then widen column A to 210 pixels and columns B:E to 155 pixels

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10

Move the Summary sheet so that it is the first sheet in the workbook. In cell A1 of the Summary sheet, type Marisol Desserts and Spices and then Merge & Center the title across the range A1:E1. Apply the Title cell style. In cell A2, type November Commercial Salesperson Bonus Summary and then Merge & Center the text across the range A2:E2. Apply the Heading 1 cell style.

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11

In the range A5:A7, type the following row titles and then apply the Heading 4 cell style: Bonus Base Salary Total Compensation

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12

In the range B4:E4, type the following column titles, and then Center and apply the Heading 3 cell style: Arizona/Washington Arizona Washington Total

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13

In cell C5, enter a formula that references cell D9 in the Arizona worksheet so that the total bonus amount for the Arizona region displays in cell C5. Create a similar formula to enter the total Base Salary for the Arizona region in cell C6. Using the same technique, enter formulas in the range D5:D6 so that the Washington totals display.

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14

Sum the Bonus and Base Salary rows, and then calculate Total Compensation for the Arizona, Washington, and Total columns.

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15

In cell B5, insert a Column Sparkline for the range C5:D5. In cells B6 and B7, insert Column sparklines for the appropriate ranges to compare Arizona totals with Washington totals.

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16

To the sparkline in cell B6, in the first row, apply the second sparkline style. To the sparkline in cell B7, in the first row, apply the third sparkline style.

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17

Group the three worksheets, and then center the worksheets Horizontally on the page and insert a Custom Footer in the left section with the file name. Change the Orientation to Landscape and fit the columns to 1 page.

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18

Save and close the file, and then submit for grading.

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Total Points

100

Created On: 10/03/2019 1 GO19_XL_CH02_GRADER_2F_AS - Commercial Compensation 1.1