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Budget Fall 2012

This document provides instructions for a budget spreadsheet project. It outlines steps to format cells, enter formulas to calculate taxes, income, expenses and savings. Formulas are copied down columns and absolute cell references are used. Column and row formatting is applied along with totals, budget and difference calculations. The project is spell checked and saved for submission.

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JenSpann
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2K views

Budget Fall 2012

This document provides instructions for a budget spreadsheet project. It outlines steps to format cells, enter formulas to calculate taxes, income, expenses and savings. Formulas are copied down columns and absolute cell references are used. Column and row formatting is applied along with totals, budget and difference calculations. The project is spell checked and saved for submission.

Uploaded by

JenSpann
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name:

____________________________

Date: _________________

Period:____________

PROJECT 4
NEW CONCEPTS

BUDGET

Using subtraction in a formula Using fill right feature Formatting text for bold and underline

GETTING STARTED
1. Log into e-Chalk, go to the class home page, and look in the Assignment Files folder. Open the Budget spreadsheet. 2. Think about when we used Word. Where did you go to set margins for the documents we created? Apply that knowledge to Excel and change the left margin to 1/2 inch (.5). 3. Change the right margin to zero. 4. Save the spreadsheet as Budget on your USB drive.

WORKING ON THE PROJE CT


5. Merge the range following ranges, one at a time: range A1:I1, range A2:I2, range A3:I3, range A4:I4 (one range at a time) 6. Column Headings. a. Highlight row 5 (by clicking on the row header)

b. Click the wrap text button ( ) to make the headings fit. c. Format the titles in row 5 for Bold, Center and underline 7. Data. Highlight range B7:I18. Format for dollar signs and two decimal places as shown or . Apply Times New Roman and font size 12. 8. Center column A by clicking on the A in the column header and clicking on the center button in the alignment group on the home tab.

WORKING WITH ABSOLUTE CELL REFERE NCES


9. Taxes: Type a formula in the cell C7 that will use the data in C20 to figure out how much of an employees gross salary is held. The formula will look like this =B7*C20 10. Income: Type a formula in cell D7 that will calculate the Net Income the employee should receive in their check. This formula will subtract the taxes from the gross pay. 11. Copy the formulas from C7:D7 down to C8:D8 using the fill handle. a. Did both formulas work in their new locations? __________ b. Which one(s) did not work when copied down? _________________ c. Why do you think the copied formula(s) did not work? ________________________________________ _____________________________________________________________________________________ 12. In C7, edit the formula so that the reference to C20 will not change NO MATTER WHERE IT IS COPIED in the spreadsheet. a. Click on C7 and then key F2 on the keyboard b. Use the arrow key to move your cursor so that it is in the middle of the reference C20 c. Use the F4 key to change the cell reference type i. the first is absolute ii. the second will create a mixed reference making the row absolute iii. the third click will create a mixed reference making the column absolute iv. the forth will return the reference to a relative cell reference d. Click the F4 key 1 more time to make both column and row absolute. This is an absolute cell reference. 13. Use the fill handle to copy C7 down to C14 14. Change your tax rate in C20 to be 30%. Do you end up with more or less money in your NET INCOME (take home pay) column? __________________

Name:

WORKING WITH FORMULA S

____________________________

Date: _________________

Period:____________

15. Total Expenses: Type a formula in cell H7 that will add the Car, Snacks, and Misc. Expenses. You should get $50 for Week 1. 16. To Savings: Use cell references to subtract Total Expense from Income. You should get $200 for Week 1. 17. Use the Fill Handle to copy both formulas from H7:I7 down to the range H8:I14. 18. Column Totals. In cell B16, enter a formula that will add the range B7:B14. You should get $824.91 for Savings. a. Click on the sum button ( ) b. Highlight the range B8:B14. c. Click the enter key. d. You should get $1970.47 in B16 Using the fill handle, copy formulas from B16 all the way to I16. Difference. In G18, subtract Budget from column total. Use the fill handle to copy the formula to I18. Column Width. Adjust as needed to eliminate crowding by highlighting columns A:I, going to the Cells group, clicking on the Format button and clicking on AutoFit Column Widths. Color. Blue for main titles and column headings. For Totals, Budget, and Difference rows choose a different color for each row.

19. 20. 21. 22.

FIN ISHING THE PROJECT


23. If available, use the spell checking feature. 24. Save again and submit via e-chalk.

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